Ashurst advises on Ji'an Chengtou Holding's US$270 million 4.5% bond issuance

Global law firm Ashurst acted as the international counsel for the Joint Lead Managers on the US$270 million Notes issued by Ji'an Chengtou Holding Group Co., Ltd ("Ji'an Chengtou Holding"), the largest state-owned assets operation platform in Ji'an city, Jiangxi province, China. Ashurst advised on both English and Hong Kong law aspects of the deal. The Notes are listed on the Hong Kong Stock Exchange. 

Shenwan Hongyuan Securities (H.K.) Limited and China CITIC Bank International Limited acted as the joint global coordinators, joint bookrunners and joint lead managers. Bank of China Limited, BOCOM International Securities Limited, CNCB (Hong Kong) Capital Limited, Guotai Junan Securities (Hong Kong) Limited, Guoyuan Capital (Hong Kong) Limited and Industrial Bank Co., Ltd. Hong Kong Branch acted as the joint bookrunners and joint lead managers.

Ji'an Chengtou Holding is a state-owned enterprise wholly owned by the Ji'an City State-owned Assets Supervision and Administration Commission, its main business segments including land development and infrastructure construction. The transaction is Ji'an Chengtou Holding's first offshore notes issuance and also the first offshore notes issued by any company from China's Jiangxi Province this year. 

The Ashurst team was led by partner Jini Lee, supported by Lynn Liu, Kristy Tang and Donald Mak. Guantao Law Firm acted as the PRC counsel, led by partners Shaosong Sun, Yue Guan and Michael Chen. The cooperation between Ashurst and Guantao on this transaction is another showcase for the quality legal service that the two firms are able to offer to our clients by seamless collaboration, and further demonstrated the synergy effects of the two firms' capabilities in the debt capital markets. 

*Ashurst and Guantao operates a Joint Operating Office in China, an unincorporated joint venture permitted under PRC regulations to provide PRC legal advice, including the issuance of PRC law opinions.