Senior notes offering for China Oriental
December 23, 2010 | BY
clpstaff &clp articlesChina Oriental Group Company (China Oriental) has made a US$300 million Rule 144A/Reg S offering of 7.0% senior notes due 2017. The notes received a letter…
China Oriental Group Company (China Oriental) has made a US$300 million Rule 144A/Reg S offering of 7.0% senior notes due 2017. The notes received a letter of support from major China Oriental Group shareholder, ArcelorMittal.
The issuer is a PRC-based integrated iron and steel manufacturer, and the joint lead managers of the transaction were Deutsche Bank and ING Bank.
A Davis Polk & Wardwell team led by Eugene Gregor and Jun He law Offices advised the underwriters. China Oriental was represented by Freshfields Bruckhaus Deringer as to US and Hong Kong law, King & Wood as to PRC law, and Conyers Dill & Pearman as to offshore law.
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