Paul Hastings LLP advised Hanwha Solutions Corporation on the deal.
Hanwha Solutions Corporation announced its debut issuance of CNY1 billion (approximately US$153 million) 3% Green Bonds with a three-year tranche, guaranteed by the Credit Guarantee and Investment Facility under the Asian Development Bank. As a member company of the South Korean conglomerate Hanwha Group, Hanwha Solutions is a total solutions company focused on chemicals, total energy solutions, and advanced materials.
The issuance of Dim Sum bonds, which are Chinese renminbi-denominated bonds issued in Hong Kong, marks Hanwha Solutions’ first overseas debt offering since its formation from the merger of Hanwha Chemical, Hanwha Q CELLS, and Hanwha Advanced Materials in 2020. The proceeds will be used for its eco-friendly business to drive the company’s Environmental, Social, Governance efforts.
The Paul Hastings team was led by Seoul corporate partner Iksoo Kim (Picture) and corporate attorney Eun Sang Hwang.
Law Firms: Paul Hastings;
Clients: Hanwha Solutions Corporation;