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China – Mayer Brown JSM Represents Beijing Enterprises Water On USD500m Bond Offering.

8 May, 2013

 

Mayer Brown JSM represented Beijing Enterprises Water Group Limited (Beijing Enterprises Water) on the issuance of US$500 million 4.625 percent guaranteed bonds due 2018 by its subsidiary, Beijing Enterprises Water Capital Management Limited. Its largest shareholder, Beijing Enterprises Holdings Limited, which is backed by the Beijing Municipal Government, provided a non-legally binding letter of comfort to bondholders. The bonds have not and will not be rated and are listed on the Hong Kong Stock Exchange. Beijing Enterprises Water plans to use the net proceeds to repay existing borrowings and acquire overseas projects.


Beijing Enterprises Water is one of the leading integrated water and sewage treatment solution providers in the PRC. It is principally engaged in water treatment which includes water supply, sewage treatment, desalination and construction services in respect of water environmental renovation projects on rivers, and the construction of pipelines and treatment plants.


Mayer Brown JSM Corporate & Securities partner Jeckle Chiu said: “Beijing Enterprises Water is a long-standing client, and we have advised on its capital markets transactions in the last few years. We are once again honoured to be involved in this issuance which has received a positive response.”

 

Partners Jeckle Chiu and Phill Smith led the transaction, and were assisted by associates Joshua Ng and Clara Li.

 

For further information, please contact:

 

Sharon Fung, Mayer Brown JSM
sharon.fung@mayerbrownjsm.com

 

 

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