25 June 2019

KWM advises on Zhejiang Geely’s €400 million exchangeable bonds

King & Wood Mallesons (KWM) advised Zhejiang Geely Holding Group Company Limited (Zhejiang Geely) on the issuance of €400 million zero coupon guaranteed exchangeable bonds due 2024 by Geely Sweden Financials Holding AB (publ).

The bonds are guaranteed by Zhejiang Geely and are exchangeable into the Series B shares of AB Volvo (publ) that are listed on the NASDAQ OMX Stockholm Stock Exchange. This marks the first issuance of equity-linked securities by a Chinese automotive manufacturer exchangeable into a large public company listed in Europe.

Zhejiang Geely is the sole private automotive production company among the top ten automakers in China. It operates a vast number of well-known international brands including Geely Auto, Lynk & Co, Volvo Cars, Polestar, PROTON, Lotus, London Electric Vehicle Company, Yuan Cheng Auto, Terrafugia, and Saxo Bank etc.

KWM advised Zhejiang Geely in respect of English and PRC laws. The transaction involved the collaboration between the Hong Kong and Shenzhen offices. The Hong Kong team was led by partners Hao Zhou and Michael Lu, with support from counsel Ian Hardee and associate Bei Lu. The PRC team was led by partner Yujia Pan with support from Tingting Yao, Ying Yang and Yingxuan Cai.

Media contact

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

    We are advising CEIEC on its proposed privatisation of TPV Technology Limited.

    15 August 2019

    We advised on the launch of a new category of derivatives warrants “inline warrants”, the first batch of which has just been launched in Hong Kong.

    12 July 2019

    We advised the sole sponsor and other underwriters on the Hong Kong IPO of mobile gaming company Homeland Interactive Technology Ltd.

    04 July 2019

    We have won Best Hong Kong Law Firm at FinanceAsia Country Awards 2019.

    03 July 2019

    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.