Ogier advises China Reform Holdings on its US$550 million bonds issuance

Ogier has acted as British Virgin Islands counsel in the issuance of 6.30% bonds by GUOJING CAPITAL (BVI) LIMITED in the principal amount of US$550 million due 2025 (the Bonds). The Bonds are with the benefit of a keepwell deed provided by China Reform Holdings Corporation Ltd. (China Reform).

China Reform is a central state-owned investment institution established in December 2010 with the approval of the State Counsel of China. Since its establishment, China Reform has undertaken the mission of enhancing the layout of the state-owned economy and optimising resource allocation in China. The company's operation has resulted in numerous remarkable achievements in fund investment, financial services, asset management, overseas investment, direct investment, and securities business.

The Ogier team in Hong Kong was led by partner Cecilia Li, with support from the firm's global head of Corporate Nathan Powell, legal manager Randa Leung and paralegal Brian Chu. Ogier worked closely with King & Wood Mallesons, the issuer's international counsel, and Latham & Watkins, the managers' international counsel in this bonds issuance.