Shanghai Electric Group Issues US$500 Million Guaranteed Bonds
Shanghai & Hong Kong - Paul Hastings LLP, a leading global law firm, announced today that it advised 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, Oversea-Chinese Banking Corporation Limited, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, China Construction Bank (Asia) Corporation Limited, J.P. Morgan Securities PLC and MUFG Securities Asia Limited as counsel to the joint lead managers and joint bookrunners in the issuance by Shanghai Electric Group Global Investment Limited of the US$500 million of 2.65% guaranteed bonds due 2024 guaranteed by Shanghai Electric (Group) Corporation (“Shanghai Electric”). The bonds are listed on the Singapore Exchange.
Shanghai Electric is one of the largest equipment manufacturing conglomerates in China, and manufactures thermal, nuclear and wind power equipment, power transmission and distribution equipment, elevators, air compressors, automation systems, printing machines, and machine tools.
Paul Hastings has advised on numerous debt issuance transactions recently, including
The Paul Hastings team was led by the co-chair of the firm’s mainland China offices, partner
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