Zhong Lun Advises on CCCC’s Issuance of First Series of Offshore RMB Green Bonds in 2024
Zhong Lun Advises on CCCC’s Issuance of First Series of Offshore RMB Green Bonds in 2024
On August 8, 2024, China Communications Construction Company Limited (“CCCC”), through its overseas subsidiary CCCI Treasure Limited, successfully completed its issuance of the first series of guaranteed green bonds in the aggregate amount of CNY 2.1 billion under Regulation S and listing of the bonds on the Stock Exchange of Hong Kong Limited. It represents the first issuance of green bonds by a central construction enterprise, with a record-low coupon rate for three-year dim sum bonds issued by non-financial companies. In this issuance, CLSA Limited, Huatai Financial Holdings (Hong Kong) Limited, BOCI Asia Limited, DBS Bank Ltd., Agricultural Bank of China Limited Hong Kong Branch, Industrial and Commercial Bank of China (Asia) Limited, and Haitong International Securities Company Limited acted as the joint lead managers.
Zhong Lun Law Firm acted as the PRC counsel to the joint lead managers in this issuance; the legal team from Zhong Lun was led by partners Anthony Zhao and William Jia, and included associates Myron Hu, Claire Yang, etc.