Baker McKenzie acts for managers in AVIC Automotive Systems' bond issuance
Bonds worth $260 million have been issued by the auto part manufacturing company
Baker McKenzie acts for managers in AVIC Automotive Systems' bond issuance Bonds worth $260 million have been issued by the auto part manufacturing company Global law firm Baker McKenzie has acted as English law counsel to the joint lead managers on the issuance of $260 million, 3.1 per cent guaranteed bonds due 2026 by AVIC Automotive Systems Holdings Co., Limited (AVIC...
Baker McKenzie acts for managers in AVIC Automotive Systems' bond issuance
Bonds worth $260 million have been issued by the auto part manufacturing company
Global law firm Baker McKenzie has acted as English law counsel to the joint lead managers on the issuance of $260 million, 3.1 per cent guaranteed bonds due 2026 by AVIC Automotive Systems Holdings Co., Limited (AVIC Automotive Systems).
China International Capital Corporation, China Securities International, Shanghai Pudong Development Bank Hong Kong Branch and Guosen Securities (HK), were the joint global coordinators.
China International Capital Corporation, China Securities International, Shanghai Pudong Development Bank Hong Kong branch, Guosen Securities (HK), China Construction Bank (Asia), BOCOM International, Guotai Junan International, Haitong International, CEB International, China Minsheng Banking Corp., Ltd., Hong Kong branch and CMBC Capital were the joint lead managers and joint bookrunners for the transaction.
The Baker McKenzie team was led by Partner Hang Wang (Beijing) and Senior Counsel Bing Han of Baker McKenzie FenXun Joint Operation (Beijing), with support from Local Principal Xavier Amadei of Baker McKenzie Wong & Leow (Singapore), Special Counsel Shanshan Xu (Shanghai) and Associate Phoebe Wang (Shanghai).
AVIC Automotive Systems focuses on auto parts manufacturing. The company recently received for the first time a 3-star rating from Moody's Investors Service.
AVIC Automotive System has developed six main business segments - steering systems, sealing products, aviation products, thermal management systems, automotive electrical appliances, and automotive body structures.
"We are pleased to have been able to bring the deal to a successful close for our clients. With the COVID-19 pandemic likely to keep bonds issuance buoyant in the near term, we look forward to continue supporting our clients with their future transactional needs," Hang Wang, who led the Baker McKenzie team, said.