Following the US$165 million offshore bond issue earlier in May this year (see our news update ), Stevenson, Wong & Co. acted for Zunyi Road and Bridge Construction (Group) Limited (the “Issuer”) in its successful issue of US$58.6 million 7.2% 3-year offshore bonds due 2025. Haitong International Securities Company Limited and Dongxing Securities (Hong Kong) Company Limited acted as the joint global coordinators. Haitong International Securities Company Limited, Dongxing Securities (Hong Kong) Company Limited, CNCB (Hong Kong) Capital Limited, Pulsar Capital Limited and Glory Sun Securities Limited acted as the joint lead managers and joint bookrunners.
The Issuer, established in the PRC, is a large construction company headquartered in Zunyi, Guizhou province. Its business primarily focuses on infrastructure projects in Zunyi and other cities in Guizhou province. The Issuer has also obtained a broad range of industry qualifications, as well as an entity credit rating of “AA+”.
Our team was led by our partner Mr. Rodney Teoh, supported by team members including Ms. Angela Lau (associate), Ms. Carmen Liu (trainee solicitor) and Ms. Celine Chen (paralegal).
This news update is for information purposes only. Its content does not constitute legal advice and should not be treated as such. Stevenson, Wong & Co. will not be liable to you in respect of any special, indirect or consequential loss or damage arising from or in connection with any decision made, action or inaction taken in reliance on the information set out herein.