Jingtian & Gongcheng Advises ChemChina on its Overseas Bond Issuance
Date:2020-09-27

China National Chemical Corporation Ltd. (ChemChina), via its wholly-owned secondary overseas subsidiary-CNAC (HK) Finbridge Company Limited, recently issued overseas bonds with a total value of USD 2.4 billion (including 5-year bonds valued at USD 600 million, 10-year bonds valued at USD 1 billion, 30-year bonds valued at USD 200 million and subordinated secured perpetual bonds valued at USD 600 million) and overseas bonds valued at EUR 500 million.

 

ChemChina is a state-owned enterprise built upon companies affiliated with the former Ministry of the Chemical Industry of China. It ranks 144th on the "Fortune Global 500" list. Headquartered in Beijing, its network comprises production and R&D bases in 150 countries and regions worldwide. ChemChina manages and operates 7 specialized companies, 4 directly affiliated units, 89 production and operation enterprises, 9 listed companies, 11 overseas subsidiaries, and 346 R&D institutes (of which 150 are based offshore).

 

As the Chinese legal adviser to ChemChina, Jingtian & Gongcheng's legal team provided one-stop, end-to-end legal services for the company's overseas bond issuance. Since 2016, we have remained a trusted legal advisor, successfully completing the company's overseas bond issuance with a total volume of over USD 10 billion.

 

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