Clifford Chance

Clifford Chance advises China Aluminum International Engineering Corporation on issuance of US$300 million perpetual capital securities

Hong Kong, Shanghai: Leading international law firm Clifford Chance has advised China Aluminum International Engineering Corporation Limited (Chalieco) on the US$300 million senior guaranteed perpetual capital securities by Chalieco Hong Kong Corporation Limited, a wholly owned subsidiary of Chalieco. The securities are guaranteed by Chalieco and include a keepwell deed provided by Aluminum Corporation of China (Chinalco), the parent company of Chalieco. The senior guaranteed perpetual capital securities are listed on The Stock Exchange of Hong Kong Limited.

Chalieco is a technology, engineering service and equipment provider in the nonferrous metals industry in China. The company provides fully integrated engineering solutions throughout various stages of the nonferrous metals industry chain. Businesses include engineering design and consultancy, engineering and construction contracting and equipment manufacturing. Chinalco is the controlling shareholder of the company.

"We are pleased to bring another significant hybrid securities transaction to the market, signifying growing appeal for hybrid transactions this year in Asia Pacific," comments Capital Markets partner Jean Thio. "This transaction builds on the deep expertise of Clifford Chance's global hybrid capital and broader capital markets teams."

The Clifford Chance team comprised Capital Markets partners Jean Thio and Connie Heng, counsel Angela Chan, senior associates Rong Chen and Naiting Cao, and associate Ambroise Ng in Hong Kong, as well as associate Samia Qian in Shanghai.