Paul Hastings Advised Wuxi Nengda Thermoelectricity in Issuance of Bonds in Shanghai Free Trade Zone

January 06, 2023

Paul Hastings LLP advised Wuxi Nengda Thermoelectricity Co., Ltd., a state-owned enterprise in Wuxi City, Jiangsu Province, PRC, as the guarantor in the issuance of RMB750 million 4.2% credit enhanced guaranteed bonds due 2025 by Hongkong Yunlin International Co., Limited. The bonds are the first Shanghai Free Trade Zone bonds issued by an Issuer in Wuxi City, Jiangsu Province, listed on the Chongwa (Macao) Financial Asset Exchange (stock code: MOXLB2269).

The Paul Hastings team was led by Jia Yan, co-chair of the firm’s mainland China offices, and corporate partner James Ma, with support from of counsel Jeff Lee, associates Hulka Lo and Alex Chan, and trainee solicitor Phoebe Lo.

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