Apr 2022
Conyers advises Hanrui Overseas Investment Co., Ltd. (“Hanrui”) in connection with the issue by the Issuer of (i) US$84 million 4.5% credit enhanced guaranteed bonds due 2025 with the benefit of an irrevocable standby letter of credit issued by Nanyang Commercial Bank (China), Limited Wuxi Branch and guaranteed by Jiangsu Hanrui Investment Holdings Co., Ltd. (the “Guarantor”); (ii) US$44 million 3.8% credit enhanced guaranteed bonds due 2025 with the benefit of an irrevocable standby letter of credit issued by Bank of Jiangsu Co., Ltd. Zhenjiang Branch and guaranteed by the Guarantor; and (iii) US$120 million 3.8% credit enhanced guaranteed bonds due 2025 (the “Bonds”) with the benefit of an irrevocable standby letter of credit issued by China Zheshang Bank Co., Ltd. Nanjing Branch and guaranteed by the Guarantor.
Hanrui is the SPV of Jiangsu Hanrui Investment Holdings Co., Ltd.
Partner Anna Chong of Conyers’ Hong Kong office advised on the matter working alongside King & Wood Mallesons.