Shanghai Electric Group Issues US$300 Million Guaranteed Bonds
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
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.
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