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 6 December 2021, King & Wood Mallesons set up its Zhuhai office, the firm’s 30th office worldwide.

    07 December 2021

    King & Wood Mallesons (KWM) appointed Mr. Xiao Yong to lead its China Energy & Resources practice, and welcomed International Partner Nicholas Molan (Corporate) and Partner Shen Guoyong ...

    01 November 2021

    In September 2021, the Pakistan Matiari-Lahore ±660 kV HVDC transmission project (the “Project”) formally started its commercial operation. The Project was invested, constructed and operated by China...

    29 October 2021

    On 20 October 2021, King & Wood Mallesons (KWM) Finance & Securities partner Jiang Yifeng was recognised as one of the 2021 ALB China Top 15 Female Lawyers by Asian Legal Business (ALB) for her...

    20 October 2021

    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.