Clifford Chance

Clifford Chance advises China Minmetals on issuance of bonds worth RMB2.5 billion

Hong Kong: Leading international law firm Clifford Chance has advised China Minmetals Corporation on the issuance of RMB2.5 billion 3.65% bonds due 2016. This is the biggest single tranche bond among the five state-owned enterprises (SOEs) which have obtained approvals from the China National Development and Reform Commission (approved on a case by case basis) to directly issue RMB bonds offshore.

Connie Heng, who led on the deal said, "We were very pleased to assist China Minmetals on its highly successful first bond issue in the international capital markets.  The strong demand in the bonds can be attributed to China Minmetals' well known brand and the continued interest of dim sum investors in high quality Chinese issuers."

Connie and Shanghai partner Jean Thio were assisted by senior associate Angela Chan, and associates Vincent Wang, Samia Qian and Gehuan Liu.

China Minmetals Corporation and its subsidiaries (the "Group") form the largest metals and mining conglomerate in the PRC with a leading position in the global mining and metals industry. The Group primarily engages in the exploration, mining, smelting, processing and trading of various minerals and metals, as well as in ancillary businesses such as financial services, real estate development and development of mining and metallurgical technologies. The Group has an extensive business network in China as well as operations in over 20 overseas jurisdictions.