Han Kun Hong Kong Law Offices LLP ("Han Kun Hong Kong") has successfully advised Guangzhou Metro Group Co., Ltd. ("Guangzhou Metro Group") as international legal counsel to the underwriters and trustee on the update of its U.S.$3,000,000,000 Medium-Term Note Programme ("MTN Programme") and the drawdown issuances of two series of offshore renminbi-denominated Notes aggregating RMB3.5 billion thereunder. Han Kun Hong Kong team provided English law and Hong Kong law legal services for this landmark transaction.
The Notes comprise one series of 3-year RMB2.7 billion Notes and one series of 5-year RMB800 million Notes. The Notes were issued by Guangzhou Metro Investment Finance (BVI) Limited (a wholly-owned subsidiary of Guangzhou Metro Group), guaranteed by Guangzhou Metro Investment Finance (HK) Limited with the benefit of a Keepwell Deed and a Deed of Equity Interest Purchase Undertaking by provided by Guangzhou Metro Group. Both series of Notes will be listed on the Hong Kong Stock Exchange.
Established in 1992 and wholly owned by the Guangzhou Municipal Government, Guangzhou Metro Group serves as the sole construction and operation entity of Guangzhou's metro system, which ranks among China's largest metro networks by passenger volume. Notably, Fitch Ratings have affirmed Guangzhou Metro Group's corporate credit rating of "A"; outlook stable, and "A" for the MTN Programme rating and the Notes' rating, demonstrating the Group's strong credit profile and market recognition.