Conyers Dill & Pearman provided BVI legal advice to State Grid Overseas Investment (2016) Limited (“State Grid”) in its:
(i) U.S.$900,000,000 principal amount of its 2.25% Senior Guaranteed Notes due 2020 (the “2020 USD Notes”),
(ii) U.S.$1,250,000,000 principal amount of its 2.75% Senior Guaranteed Notes due 2022 (the “2022 USD Notes”),
(iii) U.S.$2,350,000,000 principal amount of its 3.50% Senior Guaranteed Notes due 2027 (the “2027 USD Notes”), and
(iv) U.S.$500,000,000 principal amount of its 4.00% Senior Guaranteed Notes due 2047 (the “2047 USD Notes” and, together with the 2020 USD Notes, the 2022 USD Notes and the 2027 USD Notes, the “USD Notes”), under the US$7,700,000,000 medium term note programme (the “MTN Programme”) and guaranteed by State Grid Corporation of China, the holding company of State Grid Overseas Investment (2016) Limited.
State Grid is the largest utility corporation and the largest power grid corporation in the world, as well as the largest power grid construction and operation company in China, measured by revenue.
Partner and Head of Office Christopher Bickley and Counsel Wynne Lau of Conyers’ Hong Kong office advised on the matter working alongside Herbert Smith Freehills and King & Wood Mallesons.