Freshfields Bruckhaus Deringer has advised Anhui Transportation Holding Group Co., Ltd. (Anhui Transportation) on its subsidiary’s inaugural offshore bond issuance, listed on the Hong Kong stock exchange.

The US$300m 2.875 per cent bonds, issued by Anhui Transportation Holding Group (HK) Limited, are due 2018.

Anhui Transportation is a state-owned company which is one of the largest toll road operators and transportation companies in mainland China.

The Freshfields team was led by US corporate partner Calvin Lai, finance partner Andrew Heathcote and counsel Bing Guan.