Paul Hastings LLP, a leading global law firm, has announced that the firm represented Goldman Sachs (Asia) L.L.C., Deutsche Bank AG, Singapore Branch, J.P. Morgan Securities plc, Barclays Bank PLC, BNP Paribas, Hong Kong Branch, Guotai Junan Securities (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, ICBC International Securities Limited and ICBC International Capital Limited as counsel to the joint lead managers and joint bookrunners in the issuance by Shanghai Electric Group Global Investment Limited of the US$500 million 3.000% guaranteed bonds due 2019 guaranteed by Shanghai Electric (Group) Corporation (“Shanghai Electric”). The bonds are listed on the Singapore Exchange.

Shanghai Electric is one of the largest equipment manufacturing conglomerates in China that manufactures thermal, nuclear and wind power equipment, power transmission and distribution equipment, elevators, air compressors, automation systems, printing machines, and machine tools. It is also one of the three major power equipment suppliers in China.

The Paul Hastings team was led by corporate partners David Grimm, Jia Yan and David Wang, with support from of counsel Dan Ouyang, associates Tim Sung, Yingying Chen and Sandy Wang.