Herbert Smith Freehills has advised the joint bookrunners on two separate Hong Kong Stock Exchange Regulation S bond issuances for a total of RMB2.1 billion.

The first transaction was a RMB1.5 billion senior bond offering by Qilu International Finance (BVI) Company, a wholly owned subsidiary of Qilu Securities Co., Ltd. The bonds, issued on 11 September 2014, have a 6.25% coupon and are due 2017. Guotai Junan Securities (Hong Kong) Limited, Qilu International Capital Limited, Nomura, Haitong International, GF Securities (Hong Kong) Brokerage Limited and Industrial Securities HK were Joint Bookrunners on the deal.

The second transaction was a RMB600 million bond offering by Yunnan Energy Investment (Overseas) Company Limited, a wholly owned subsidiary of Yunnan Provincial Energy Investment Group Co. Ltd., a leading state-owned enterprise which primarily focuses on investing in and developing operations in the areas of electricity generation and sales, coal production and sales, and resources trading. The bonds, issued on 14 October 2014, have a 5.5% coupon and are due 2017. Guotai Junan Securities (Hong Kong) Limited, ABC International and Huatai Financial were Joint Bookrunners on the deal.

Herbert Smith Freehills' teams were led by Hong Kong partner Kevin Roy and senior consultant Cindy Kao on both deals. Kevin and Cindy were supported by associates Stanley Xie, George Wu and Issac Chen.

Herbert Smith Freehills also represented Guotai Junan as underwriter on a number of capital markets transactions in recent years including the HK$350 million senior notes offering of China Water Property Group Ltd last year.