26 September 2018

King & Wood Mallesons advises Shanghai Lingang Economic Development Group on its guaranteed notes offering

King & Wood Mallesons (KWM) advised Shanghai Lingang Economic Development (Group) Co., Ltd. (Shanghai Lingang) as its international and PRC counsel on the debut issuance of its USD 300 million 4.625% guaranteed notes due 2021.

Shanghai Lingang, rated A- by Fitch and BBB+ by Standard & Poor’s, is the only large scale state-owned enterprise directly held by Shanghai Municipal State-owned Assets Supervision and Administration Commission that focuses on the investment, development and operation of industrial parks and the provision of related services. It also comprises a wide-ranging business portfolio with the majority of its park projects located in Shanghai, arguably the PRC’s most important international economic, financial, trade, shipping, and science and technology innovation centre and the bridgehead of the Belt and Road Initiative. Shanghai Lingang is also a key participant in the development of Tesla’s “Gigafactory” in Shanghai, which is expected to be the largest foreign invested manufacturing industry project.

This successful offering cements KWM’s growing presence in the Yangtze Delta Region, an important international gateway and one of the major contributors of China’s economy. In 2018, KWM advised Bank of Shanghai relating to its offering of USD 500 million 3.125% credit enhanced bonds and advised Jinjiang International Holding on its offering of EUR 500 million 0.817% credit enhanced bonds.

The KWM Hong Kong team was led by partners Hao Zhou and Michael Lu, and supported by counsel Cynthia Tan and associate Rachel Wang. The PRC team was led by Shanghai-based partner Liu Dongya whom was supported by associate Wang Xiaowei.

Media contact

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

    We are welcoming two new partners, Ashley Wong and Wang Yu, for Banking & Finance and Corporate & Securities respectively.

    16 January 2019

    Partner Hao Zhou will be taking on the newly created role of Managing Partner, Clients in the Hong Kong office, effective 1 January 2019.

    14 January 2019

    We advised Vobile Group Limited on the acquisition of assets from IP-Echelon, an Australian premium provider of data analytics.

    22 November 2018

    We advised on Xinchengyue Holdings Limited’s Hong Kong listing

    06 November 2018

    Legal services for your business