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Shanghai Electric Group Issues US$300 Million Guaranteed Bonds

February 25, 2020

Shanghai & Hong Kong - Paul Hastings LLP, a leading global law firm, announced today that it advised counsel to the joint lead managers and joint bookrunners—including UBS AG Hong Kong Branch, Barclays Bank PLC, ICBC International Securities Limited, Guotai Junan Securities (Hong Kong) Limited, Bank of Communications Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, China Construction Bank (Asia) Corporation Limited, J.P. Morgan Securities PLC, MUFG Securities Asia Limited, CLSA Limited and United Overseas Bank Limited, Hong Kong Branch—as in the issuance by Shanghai Electric Group Global Investment Limited of US$300 million of 2.30% guaranteed bonds due 2025 guaranteed by Shanghai Electric (Group) Corporation (“Shanghai Electric”). The bonds are listed on the Singapore Exchange.

Paul Hastings attorneys also advised on Shanghai Electric Group’s US$500 million guaranteed bonds issuance in November 2019. The proceeds were used for general corporate purposes and offshore indebtedness refinancing.

Shanghai Electric is one of the largest equipment manufacturing conglomerates in China. It manufactures thermal, nuclear and wind power equipment, power transmission and distribution equipment, elevators, air compressors, automation systems, printing machines, and machine tools. 

The Paul Hastings team was led by partner Jia Yan, co-chair of the firm’s mainland China offices, and Hong Kong-based partner James Ma, with support from Hong Kong associate Jeff Lee.


At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.