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Zhong Lun Advises on Issuance of US$400 Million Credit Enhanced Notes by Geely Holding
Zhong Lun Advises on Issuance of US$400 Million Credit Enhanced Notes by Geely Holding
Release time：2021-05-28
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Recently, LEVC Finance Ltd successfully issued the U.S.$400,000,000 Credit Enhanced Notes due 2024 with the benefit of a Keepwell Deed provided by Zhejiang Geely Holding Group Company Limited (the “Geely Holding") and an irrevocable Standby Letter of Credit provided by Bank of China Limited, Singapore Branch (the “Note Issuance").
Bank of China, BNP PARIBAS, China CITIC Bank International, DBS Bank Ltd., HSBC, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, CMBC Capital and Natixis 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 Kejun Guo.
LEVC Finance Ltd is a wholly owned subsidiary of Geely Holding. Geely Holding has developed into a global enterprise engaged in the design, R&D, production, sales, and service of vehicles, powertrains, and key components and is in the midst of transforming into a global mobility technology enterprise engaged in the fields of mobility services, digital technology, financial services, education and other business. Geely Holding owns several brands including Geely Auto, Lynk & Co, Geometry, Volvo Cars, Polestar, PROTON, Lotus, London Electric Vehicle Company, Farizon Auto, Terrafugia, CAOCAO, Qianjiang Motorcycle, Joma, Saxo Bank, Mitime Group, etc.