Paul Hastings Advised Wuxi Nengda Thermoelectric in Issuance of Credit Enhanced Guaranteed Bonds
September 06, 2023
Paul Hastings LLP advised Wuxi Nengda Thermoelectric Co., Ltd., a state-owned enterprise in Wuxi City, Jiangsu Province, PRC, as the guarantor in the issuance of JPY13 billion 1.6% credit enhanced guaranteed bonds due 2026 by Hongkong Yunlin International Co., Limited. The bonds are supported by an irrevocable Standby Letter of Credit issued by Bank of Shanghai Co., Ltd. and listed on the Chongwa (Macao) Financial Asset Exchange.
Paul Hastings has previously advised Wuxi Nengda Thermoelectric Co., Ltd. as the guarantor in the issuance of RMB750 million 4.2% credit enhanced guaranteed bonds due 2025 by Hongkong Yunlin International Co., Limited in January 2023.
Jia Yan, the Chief Representative of the firm’s Shanghai office and Co-Chair of the firm’s Shanghai and Beijing offices, and corporate partner James Ma led the Paul Hastings team, which also included of counsel Jeff Lee and associates Hulka Lo and Alex Chan.
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