Xiaomi Corporation $1.2 Billion Bond Offerings

Skadden and Maples advised Xiaomi Corporation on the transaction.

Xiaomi Corporation, a global technology company, announced the approximately US$1.2 billion debt offering by a subsidiary of Xiaomi in two tranches on the Hong Kong Stock Exchange. Xiaomi will issue US$400 million aggregate principal amount of 4.10% senior green bonds due 2051 and US$800 million aggregate principal amount of 2.875% senior bonds due 2031. Trading will commence on July 14, 2021.

Xiaomi Corporation, registered in Asia as Xiaomi Inc., is a Chinese multinational electronics company founded in April 2010 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, home appliances, bags, shoes, consumer electronics, and many other products.

The Skadden team was led by corporate partners Julie Gao (Picture), Edward Lam and Paloma Wang, with counsel Anthony Pang, Asia Pacific counsel Vincent Sze, associates Ming Kong and Allan Wan, and trainee solicitor Jonathan Lu. All attorneys are based in Hong Kong.

The Maples team included partner Everton Robertson and associate Jessica Zhan.

Involved fees earner: Everton Robertson – Maples and Calder; Jessica Zhan – Maples and Calder; Julie Gao – Skadden Arps Slate Meager & Flom; Ming Kong – Skadden Arps Slate Meager & Flom; Edward Lam – Skadden Arps Slate Meager & Flom; Jonathan Lu – Skadden Arps Slate Meager & Flom; Anthony Pang – Skadden Arps Slate Meager & Flom; Vincent Sze – Skadden Arps Slate Meager & Flom; Allan Wan – Skadden Arps Slate Meager & Flom; Paloma Wang – Skadden Arps Slate Meager & Flom;

Law Firms: Maples and Calder; Skadden Arps Slate Meager & Flom;

Clients: Xiaomi;

Author: Sonia Carcano