02 February 2019

KWM advises on Chongqing Banan Economic Park’s issuance of S$150 million credit enhanced bonds

King & Wood Mallesons (KWM) represented the joint global coordinators, joint lead managers and joint bookrunners in the issuance of the S$150 million 4.35% credit enhanced bonds due 2021 by Chongqing Banan Economic Park Development & Construction Co., Ltd. (Company).This transaction marks the first public issuance of Singapore-denominated bonds supported by a standby letter of credit in recent years and is the first issuance of its type under the China-Singapore (Chongqing) Connectivity Initiative.

The Company is a major investment, financing, asset and project management platform in the Banan Economic Zone which is wholly owned by the Banan Finance Bureau. It plays an important role in the development of the Banan Economic Zone. Since its establishment in 2007, the Company has engaged in a number of projects to increase the urbanisation and commercial attractiveness of the Banan Economic Zone, involving primary land development and infrastructure construction.

KWM advised its clients on matters in respect of PRC law and English law. The PRC team was led by partners Peng Jin, George Gao and Liu Feng with support from associates Yang Wei, Tang Siyu and Tian Yang. The international team was led partner Michael Lu with support from senior associate Paul Marks and associate Janet Wong.


Media contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    On 30 October 2020, King & Wood Mallesons (KWM) will officially launch another 9 CloudOffices in Shijiazhuang, Hainan Free Trade Port (Hainan FTP), Tianjin, Hefei, Ningbo, Nanchang, Changsha, Qin-Ao...

    30 October 2020

    On 20 October 2020, King & Wood Mallesons partner Huang Jianwen was recognized as one of the 2020 ALB China Top 15 Female Lawyers by Asian Legal Business for her extensive practical experience in...

    20 October 2020

    On 30 September 2020, ACM Research (Shanghai), Inc.(ACM Shanghai) received approval from the 82nd meeting of the Listing Committee of the Science and Technology Innovation Board of the Shanghai Stock...

    14 October 2020

    On 17 September 2020, Contemporary Ruiding Development Limited, a wholly owned subsidiary established by Contemporary Amperex Technology Co., Limited (CATL) in the British Virgin Islands.

    29 September 2020

    You may also be interested in...

    Legal services for your business

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.