DEALS
Zhong Lun Advises Yuexiu Transport Infrastructure on a US$1 Billion Medium Term Note Programme
Zhong Lun Advises Yuexiu Transport Infrastructure on a US$1 Billion Medium Term Note Programme
Zhong Lun has acted as PRC counsel to Yuexiu Transport Infrastructure Limited (01052.HK) in connection with the establishment of the US$1 billion medium term note programme and its subsequent issue of the EURO 200 million notes due 2018 notes. The closing of the notes issue took place on 7 May 2015. The programme is listed on the Stock Exchange of Hong Kong while the notes are listed on the Global Exchange Market of the Irish Stock Exchange.
Yuexiu Transport Infrastructure Limited and its subsidiaries operate and invest in toll expressways in Guangdong province and the mid-western region of China. It has investments in certain high profile expressway and bridge projects including Guangzhou Northern Second Ring Expressway, GD Humen Bridge and Guangzhou Northern Ring Freeway, all of which are located in Guangdong Province; Xian to Lintong Expressway in Shaanxi Province; Han-Xiao Expressway in Hubei Province; Cangyu Expressway in Guangxi Zhuang Autonomous Region; Jinbao Expressway in Tianjin Municipality; Changzhu Expressway in Hunan Province and Wei Xu Expressway in Henan Province.
This deal is the first time an expressway company in China has offered Euro bonds outside of China, taking advantage of strong investor demand as Eurozone interest rates continued to hover around historic lows.
The Zhong Lun team was led by partners Zhang Xuebing and Christie Tao, with support by partner Glory Rong, associates Zhang Zixing and Lin Yiling of our Guangzhou office.
Professionals
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Xuebing ZHANG
Equity Partner
BeijingPractices： Litigation & Arbitration,Bankruptcy, Insolvency & Reorganization,Chinese Mainland Capital MarketsIndustries： Real Estate,Urban Infrastructure,Transportation & Logistics,Tourism & Hospitality,Banking & Financial Services,Insurance -
Xuebing ZHANG
Equity Partner
Beijing
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