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Zhong Lun Advises on Issuance of EUR 400 Million Exchangeable Notes Guaranteed by Geely Holding
Zhong Lun Advises on Issuance of EUR 400 Million Exchangeable Notes Guaranteed by Geely Holding
Recently, Geely Sweden Financials Holding AB (publ) successfully issued the EUR 400 million exchangeable notes due 2024 guaranteed by Zhejiang Geely Holding Group Company Limited (the “Geely Holding") (the “Note Issuance").
Geely Sweden Financials Holding AB (publ) is a company with limited liability incorporated in Sweden. The indirect wholly owned shareholder of Geely Sweden Financials Holding AB (publ) is Geely Holding. Geely Holding and its subsidiaries (the “Group") operate many well-known international automotive brands including Geely Auto, Lynk & Co, Volvo Cars, Polestar, London Electric Vehicle Company, Lotus, Yuan Cheng Auto and Terrafugia, with global operations spanning the automotive value chain from research, development and design to production. The Group has been recognized as a Fortune 500 company for the last seven consecutive years and was ranked No. 267 by Fortune Global in 2018, ranked by Fortune China among “China’s Top 500 Companies" for the last 15 consecutive years and ranked by the CAAM as one of the “Top Ten Automobile Manufacturers" for the last 15 consecutive years. In 2017, the Group was named by Forbes as one of the world’s fastest growing car companies.
Barclays Bank PLC, Citigroup Global Markets Limited, UBS Europe SE and J.P. Morgan Securities plc acted as the Bookrunners of the Note Issuance. Zhong Lun Law Firm acted as the PRC counsel of the Bookrunners on the Note Issuance and the project team from Zhong Lun was led by Partner Jane Jin and Michael Chen, including associates Grace Wang, Chi Cheng, Nicole Wang, Jia Song, Lisa Liu, Kevin Wang, Dean Liu , Zoe Tao and Anqi Wang.