Legal issues in tempting perpetual bonds

0
2389
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Issuing perpetual bonds has become an attractive option for Chinese companies, but there are legal issues to be aware of, an expert has warned.

King & Wood Mallesons (KWM) recently acted as international counsel for Weichai Power on its US$775 million 3.75% senior perpetual bond offering, which the firm said was the largest such offering to date by a PRC company.

周浩 ZHOU HAO
周浩
ZHOU HAO

“The first thing that potential Chinese issuers need to know is perpetual bonds are generally priced with a projected buyback date, despite what the term ‘perpetual’ may suggest,” Zhou Hao, a partner at KWM in Hong Kong, told China Business Law Journal.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link