Han Kun Law Offices LLP ("Han Kun Hong Kong") has advised the joint lead managers and initial purchasers as to the U.S. law in connection with the issuance of US$270 million 6.925% senior notes due 2028 (the "Notes") by China Hongqiao Group Limited ("China Hongqiao"). The Notes are the second high-yield USD senior notes issued by China Hongqiao in 2025 which has achieved a longer tenor with lower coupon. The Notes are issued pursuant to Regulation S of the Securities Act of 1933 and contain customary "high yield" covenants. 16 investment banks including China CITIC Bank International, Guotai Junan International, Crédit Agricole CIB and UBS were joint lead managers and initial purchasers.
China Hongqiao, whose shares are listed on the Hong Kong Stock Exchange (stock code: 1378), is a leading large-scale aluminum product manufacturer based in China. As of December 31, 2024, it is the second-largest aluminum manufacturer in China in terms of aggregate annual aluminum production capacity.
