Clifford Chance

Clifford Chance advises Shanghai Electric on €600 million eurobond

Leading international law firm Clifford Chance has advised Shanghai Electric Newage Company Limited on €600 million in aggregate principal amount of 1.125% guaranteed bonds due 2020, and guaranteed by Shanghai Electric Group Company Limited which is listed on the Hong Kong Stock Exchange. Shanghai Electric is one of the largest industrial equipment manufacturing conglomerates in China.

Partner Jean Thio who led on the deal said, "We were delighted to advise Shanghai Electric on its debut eurobond. This deal is further evidence of the current uptick in the eurobond market."

Jean was supported by partners Glen Ma and Connie Heng, consultant David Tsai, associate Lorna Lu and trainee Kay Cai.

The team also recently advised Haitong Securities on its issuance of US$670 million 3.5% guaranteed bonds due 2020 listed on the Hong Kong Stock Exchange. The deal was led by Jean and she was supported by partner Angela Chan, associates Lorna Lu, Nicholas Mai and trainee Kay Cai.