King & Wood Mallesons advised a syndicate of Chinese lenders to provide funding to support Yancoal Australia Ltd’s operations and investment in the Australian resources sector.

Yancoal will raise US$950 million in new debt funding through an issue of nine-year secured debt bonds to a consortium of lenders including Industrial Bank Co. Ltd, BOCI Financial Products Limited and United NSW Energy Limited.

The cross-border KWM team includes Mergers & Acquisition Partners Paul Schroder and Jingchuan Zhao, Senior Associate Intan Eow and Project & Leveraged Finance Legal Consultant Chris Robertson from the Sydney office and Banking & Finance Partner Stanley Zhou and Senior Associate Jieyu Gu from the Shanghai office - reflecting the firm’s local depth and global platform.

Intan Eow said, “We are very pleased to have leveraged our cross border M&A and Banking expertise in Australia and in China to assist our Chinese clients finance this strategic investment in Australia.”