Linklaters acted as the international legal advisor to the underwriters on the successful debut bond issuance by Contemporary Amperex Technology Co. Limited (CATL). CATL is a globally renowned developer and manufacturer of lithium-ion batteries and is one of the largest companies on China’s A-share Growth Enterprise Market by market capitalisation.
This dual-tranche issuance includes US$1bn 5-year senior fixed rate bonds with a coupon rate of 1.875% and US$500m 10-year senior fixed rate bonds with a coupon rate of 2.625%.
This successful issuance marks the largest issuance of US dollar-denominated bonds issued by Chinese private enterprises under Regulation S since 2020, as well as the largest single debut issuance of US dollar-nominated bonds issued by Chinese enterprises under Regulation S since 2017.
The transaction was led by Linklaters’ capital markets partners Michael Ng and Hanwen Yu, with support from managing associate Libin Shi.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
