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Zhong Lun Advises China Railway Resources Huitung for Issuing US$500,000,000 Guaranteed Notes Due 2023 at HKEx
Zhong Lun Advises China Railway Resources Huitung for Issuing US$500,000,000 Guaranteed Notes Due 2023 at HKEx
On February 5, 2013, China Railway Resources Huitung Limited (“Issuer") issued and traded at the Stock Exchange of Hong Kong the guaranteed notes in the aggregate principal amount of US$500,000,000. The notes are due in 2023 with an interest at the rate of 3.85% per annum, and are unconditionally and irrevocably guaranteed by China Railway Group Limited. The joint lead managers and joint bookrunners are BOC International, Standard Chartered Bank, Deutsche Bank, HSBC, UBS and Barclays.
As the PRC legal counsel of the Issuer, Zhong Lun Law Firm formed a legal team of Mr. LI Ya, Ms. SUN Hong, Mr. DU Wei, Mr. YU Shixuan and Ms. CHEN Yilin and provided bilingual legal services with high quality and efficiency for the entire process of the notes issuance. The guarantee for the issuance was approved by the State Administration of Foreign Exchange and was registered with the competent foreign exchange governing authority after the successful issuance.
China Railway Group Limited is the subsidiary of China Railway Engineering Corporation Group and a big central state-owned company and Fortune 500 company in the world, and was listed in the stock exchanges of Shanghai and Hong Kong respectively in 2007. The Issuer is an overseas SPV indirectly owned by China Railway Group Limited.
