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Conyers Dill & Pearman provided BVI legal advice to LTC GB Limited in connection with the issue of US$400 million 2.75% bonds due 2021. This was the first-ever green bond on the offshore market from a Chinese automobile company. LTC GB Limited is a wholly owned subsidiary of Zhejiang Geely Holding Group Company Limited. Its sister company is London Taxi Corporation Limited, the manufacturer of the iconic London taxis.
Anna Chong of Conyers’ Hong Kong office advised on the matter, working alongside Davis Polk & Wardwell and King & Wood Mallesons.