DEALS
Zhong Lun Advised China Shipping (Group) Company on a $500 Million Five-year Bond Offer
Zhong Lun Advised China Shipping (Group) Company on a $500 Million Five-year Bond Offer
Through the successful use of a wholly-owned offshore subsidiary to issue $500 million worth of five-year midterm and long-term bonds, China Shipping (Group) Company broke new ground in finding direct financing in the overseas dollars bond market.
Zhong Lun acted as PRC legal counsel for the bond issuer. Partner Bill Shang is the leading lawyer for this project; the signatory lawyers also includes Partner Michael Chen; associates who worked on the project include Elaine Wang, Sabrina Zou, Xiao Liu, Jesse Huang and Daniel Shen. Bank of China Ltd., Deutsche Bank A.G. and Merrill Lynch International acted as joint global coordinators for this bond issuance.
China Shipping (Group) Company, as a key state-owned enterprise, is under the direct leadership and management of the state. It is a mega comprehensive, transnational, multi-sectorial, trans-regional, trans-ownership enterprise group with shipping as main business.