Baker & McKenzie’s US Securities team in China and Hong Kong recently advised its longstanding client China Railway Construction Corporation Limited (CRCC), a state-owned construction enterprise in China, on a USD800 million 3.95 percent guaranteed bonds issuance pursuant to Regulation S under the U.S. Securities Act.

This is the second bond issuance under Regulation S made by CRCC, on which the Firm has advised. In May 2013, the Firm also advised CRCC on the offering of USD800 million 3.50 percent guaranteed bonds due 2018.

The Baker & McKenzie team was led by Shanghai-based Securities partner Lance Chen and supported by senior associate Christopher Shen and associates Isabelle Wu in Hong Kong; and Bing Han and Stella Hu in Beijing.

“We are extremely pleased to have assisted our long-standing client CRCC to bring this strategically important transaction to fruition within the requested timeline," Lance Chen said,  "It will be interesting to see if this will lead to more debt financing transactions by Chinese SOEs and companies."

Citigroup, HSBC, DBS, BNP Paribas and UBS acted as joint lead managers for the issuance of the Bonds.