The bonds are guaranteed by China Yangtze Power, the world’s largest hydro-power company.
The deal was led by partner Fang Liu and consultant David Tsai who were supported by partner Matt Fairclough, senior associate Yue Song, associate Vivian Li and trainee Cleo Chau.
The bonds – underwritten by BOCI, Deutsche Bank, Merrill Lynch, CCBI, CLSA, CMBI, Huatai Financial Holdings , ICBCI, J.P. Morgan, Société Générale and UBS – are both exchangeable for the Hong Kong Stock Exchange-listed shares of China Construction Bank and due 2021, by special purpose issuing vehicles of, and guaranteed by, China Yangtze Power Co., Ltd.
China Yangtze Power is the largest hydro-power company globally and a subsidiary of China Three Gorges Group.
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