Clifford Chance advises Tianqi Lithium on its H-shares placement and concurrent convertible bond issuance

Global law firm Clifford Chance has advised Tianqi Lithium Corporation on its placing of 65,050,000 new H-shares under its general mandate, and the concurrent issue of RMB2.6 billion USD settled zero coupon 363-day convertible bonds also under its general mandate.

The placing agents for the share placing and managers for the bonds were Goldman Sachs (Asia) L.L.C., The Hongkong and Shanghai Banking Corporation Limited and Huatai Financial Holdings (Hong Kong) Limited, acting as agents to procure investors for both instruments.

The net proceeds from the share placement and the bonds issuance will be used for supporting the strategic development of the company and its subsidiaries in the lithium sector.

Lead partner David Tsai said, “We were pleased to support Tianqi Lithium on its landmark H-shares placement and USD-settled zero-coupon 363-day convertible bond issuance. Leveraging our Hong Kong and international capital markets expertise, we helped ensure the smooth execution of both the equity placement and the convertible bonds offering, supporting the company’s strategic growth in the lithium sector."

David led the deal and was supported by partners Fang Liu and Jean Thio, counsel Jing Jing, associates Candice Wu, Ruonan Tang, Xinyi Hu and Xavier Chan and legal analyst Albert Tan.