Clifford Chance advises Huatai Securities on its HK$10 billion convertible bond issuance

Global law firm Clifford Chance has advised Huatai Securities Co., Ltd. as issuer's counsel on its HK$10 billion convertible bond issuance.

The transaction is one of the largest 363-day convertible bond offerings in the Hong Kong market and represents the continuous trend where a growing number of PRC issuers turn to equity-linked instruments for cost-effective fundraising.

Lead partner Angela Chan said, "This transaction reflects strong investor interest following Huatai Securities' recent CNY2.1 billion straight bond issuance. The rapid execution timeframe highlights Huatai Securities' market readiness, ability to capture timely market opportunities and the resurgence of convertible bond financing in Hong Kong."

Angela was supported by counsel Airun Wang, senior associate Kenneth Ip and associate Valerie Chan.