Jurisdiction - China
Baker & McKenzie Advises China Railway Construction Corporation On Its USD 800m Bond Issuance.

14 August, 2014


Baker & McKenzie’s US Securities team in China and Hong Kong recently advised its long-standing client China Railway Construction Corporation Limited (CRCC), a state-owned construction enterprise in China, on a USD 800m 3.95 percent guaranteed bonds issuance pursuant to Regulation S under the U.S. Securities Act. In May 2013, the Firm also advised CRCC on the offering of USD 800m 3.50 percent guaranteed bonds due 2018.


The Baker & McKenzie team was led by partner Lance Chen, who commented: “We are extremely pleased to have assisted our long-standing client CRCC to bring this strategically important transaction to fruition within the requested timeline. It will be interesting to see if this will lead to more debt financing transactions by Chinese SOEs and companies.”


Citigroup, HSBC, DBS, BNP Paribas and UBS acted as the joint lead managers for the issuance of the Bonds. Clifford Chance acted for the banks and trustee.  


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