Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is acting for TusPark Forward Ltd. (‘Tuspark’), a wholly-owned subsidiary of Tus-Holdings Co., Ltd. (‘Tus-Holdings’), in relation to its issuance of US$500 million of senior guaranteed bonds for 4.3 per cent yield. The bonds, which mature in 2019, have been guaranteed by Tus-Holdings and underwritten by six banks, with BNP Paribas acting as the lead. The bonds are being listed on the Hong Kong Stock Exchange.

TusPark is a Chinese high-tech company, which develops and manages science business parks. Tus-Holdings is indirectly controlled by Tsinghua University and is ultimately managed by the Ministry of Education and the Ministry of Finance of the People’s Republic of China.

The Freshfields team was led by partners Calvin Lai and Andrew Heathcote, who were supported by counsel Bing Guan, and associates Steven Hsu, Emily Zhang and Yi Zhang.