Hangzhou Fuyang City Construction Investment Group’s US$328 Million LGFV Bond Offer

Ashurst advised on Hangzhou Fuyang Chengtou Group (HK) Limited on its second public offering of offshore bonds.

The bonds were guaranteed by Hangzhou Fuyang City Construction Investment Group Co., Ltd (Guarantor), an SOE wholly-owned by the Hangzhou Fuyang District State-owned Assets Supervision and Administration Commissions. The bonds are listed on the Hong Kong Stock Exchange.

Hangzhou Fuyang City Construction Investment Group is one of the most important city construction, investment and financing platforms in Fuyang District of Hangzhou city, and is the sole operator that undertakes infrastructure construction and land development in the central urban area of that district.  

The Ashurst team was led by partner Jini Lee (Picture), supported by Lynn Liu, Siak Yong Goh and Phil Wang.

Involved fees earner: Siak Goh – Ashurst; Jini Lee – Ashurst; Lynn Liu – Ashurst;

Law Firms: Ashurst;

Clients: Hangzhou Fuyang City Construction Investment Group;

Author: Sonia Carcano