DEALS
Zhong Lun advised Geely Automobile in its issuance of senior perpetual capital securities in the aggregate principal amount of U.S.$500,000,000
Zhong Lun advised Geely Automobile in its issuance of senior perpetual capital securities in the aggregate principal amount of U.S.$500,000,000
Release time：2019-12-16
Voice Announcements
Recently, Geely Automobile Holdings Limited (the “Geely Automobile") successfully issued the senior perpetual capital securities in the aggregate principal amount of U.S.$500,000,000 (the “Securities Issuance").
Barclays Bank PLC, BNP Paribas, Merrill Lynch (Asia Pacific) Limited, The Hongkong and Shanghai Banking Corporation Limited, UBS AG Hong Kong Branch, Bank of China Limited, Singapore Branch, CLSA Limited, DBS Bank Ltd. and Standard Chartered Bank acted as the Bookrunners of the Securities Issuance. Zhong Lun Law Firm acted as the PRC counsel of Geely Automobile on the Securities Issuance and the project team from Zhong Lun was led by Partner Jane Jin and Michael Chen, including associates Grace Wang, Nicole Wang, Jia Song.
Geely Automobile is one of the leading indigenous automobile companies in China, focusing on sales of passenger vehicles and manufacturing and sales of automobile parts and components. According to the market data published by CAAM, Geely Automobile ranked 3rd in China’s top passenger vehicle brands, 5th in China’s passenger vehicle manufacturers and 1st among all indigenous passenger vehicle brands in China by sales volume. Geely Automobile has been one of the “China’s Top 500 Companies" for ten consecutive years since 2010 according to Fortune China and were ranked No. 85 in 2019.