Dentons Hong Kong leads €75 million Enhanced Bond Offering for Gaoyou City Construction

Dentons Hong Kong leads €75 million Enhanced Bond Offering for Gaoyou City Construction

The Hong Kong office of Dentons, ranked among the world's largest law firms, has provided legal representation to Gaoyou City Construction Investment Development Group.

The state-owned infrastructure construction firm is primarily engaged in the development of municipal infrastructure, water facilities, roads, environmental governance-related facilities, and shantytown redevelopment projects in Suzhou City and Gaoyou City.

Dentons advised the company on its €75 million 4.60 per cent Credit Enhanced Bonds due 2026, which were issued under Regulation S of English law.

The transaction included an irrevocable Standby Letter of Credit issued by Bank of Jiangsu Co., Ltd., Yangzhou Branch, and was underwritten by several financial institutions, including China International Capital Corporation, Guotai Junan International, and CITIC Securities.

The other financial institution involved in the deal included Industrial Bank of Co. Ltd., Shanghai Pudong Development Bank, China Minsheng Banking Corp. Ltd., CEB International, Guosen Securities, Central Wealth Securities, CMBC Capital, China International Capital Corporation, and Caitong International.

The Dentons Hong Kong capital markets team, headed by partner Man Chiu Lee, was supported by associates Ningxin Sun and Kevin Lo, as well as legal assistant Valerie Chan.

Meanwhile, the Dentons PRC team was led by senior partner Jianghong Xu, alongside partner Dandan Wang and associates Yan Shi and Nannan Zhu.