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Mayer Brown JSM advises Beijing Enterprises Holdings in US$1 billion dual-tranche inaugural debt issuance

1 June 2011

Mayer Brown, a leading global law firm, is pleased to announce that it advised Beijing Enterprises Holdings Limited in connection with the issuance of US$1 billion investment grade debt.

Beijing Enterprises Holdings Limited (BEHL), a Hong Kong-listed holding company backed by the Beijing Municipal Government that focuses on infrastructure and public utilities in Beijing and other parts of Mainland China, issued US$600 million 5.00% Guaranteed Senior Notes due 2021 and US$400 million 6.375% Guaranteed Senior Notes due 2041 on 12 May 2011.

BofA Merrill Lynch, HSBC and Morgan Stanley acted as joint global coordinators on the transaction, while BofA Merrill Lynch, HSBC, Morgan Stanley, Credit Suisse and UBS were joint lead managers and bookrunners in respect of the offer and sale of the notes.

Jason T. Elder, a partner of Mayer Brown LLP based in the Hong Kong office, said: "We were honoured to represent Beijing Enterprises Holdings on such an important transaction.  This deal forms the basis for future U.S. dollar borrowings by BEHL and provides another funding source for projects in Beijing and throughout Mainland China.  Executed on a tight timeframe, we were pleased to be able to achieve BEHL’s objectives.”

"Our relationship with BEHL dates back to 1997 when we assisted the company with its listing on the Hong Kong Stock Exchange," said Jeckle Chiu, a partner of Mayer Brown in Hong Kong. "This deal represents another example of our ability to provide debt capital markets services to our long-standing corporate clients, thereby realising our goal of assisting our clients with a wide array of legal services for their most important transactions."

The Mayer Brown team was led by corporate partners Jason T. Elder and Jeckle Chiu in Hong Kong. 

Related Information

  • Related People
    Jeckle Chiu
    T +852 2843 2245
    Jason T. Elder
    Partner, Registered Foreign Consultant (New York, USA)
    T +852 2843 2394
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