HONG KONG -- (BUSINESS WIRE) --
International law firm Sidley Austin LLP has announced that it recently represented the P.R.C. Ministry of Finance in connection with the debut public offering and institutional placement by the Central People's Government of the People's Republic of China of Renminbi-denominated bonds in an aggregate principal amount of Rmb 6.0 billion in three tranches: 2.25% Bonds due 2011, 2.70% Bonds due 2012 and 3.30% Bonds due 2014. This transaction closed on October 27, 2009.
The Sidley team was led by Beijing partner Henry Ding, and Hong Kong partners Timothy Li and Gloria Lam. The P.R.C. Ministry of Finance is a long-standing client of the firm. Sidley has been its legal adviser on all of its international debt offerings since 1994.
Timothy Li comments, "It is truly a privilege to have represented the P.R.C. Ministry of Finance once again and in the first-ever bonds denominated in Renminbi offered by the P.R.C. central government overseas. We congratulate our client on the successful completion of this historic offering."
This is the third Renminbi bond offering that Sidley has participated this year, subsequent to the Renminbi bond offerings by The Bank of East Asia (China) Limited and China Development Bank Corporation.
************ Notes for Editors *************
Sidley Austin LLP is one of the world's largest full-service law firms, with approximately 1700 lawyers practicing in 16 U.S. and international cities, including Beijing, Brussels, Frankfurt, Geneva, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo. Every year since 2003, Sidley has been named to Legal Business' Global Elite, its designation for firms "that define the pinnacle of the legal profession."
Sidley has a strong commitment to Asia, demonstrated by more than 25 years in the region, with the first office in Asia established in Singapore in 1982. Sidley has one of the largest and most active capital markets practices of any international law firm in the region, advising clients on a broad range of matters governed under Hong Kong, U.S. and English law. The firm represents issuers, underwriters and sponsors on all types of equity, debt and equity-linked transactions, including listings on The Stock Exchange of Hong Kong Main Board and Growth Enterprise Market (GEM) Board, SEC-registered offerings in the United States, international securities offerings pursuant to Rule 144A and Regulation S governed, and issuances involving the creation of ADR or GDR programs. Sidley acts on dual listings and international offerings on the New York Stock Exchange, NASDAQ, the London Stock Exchange, the Luxembourg Stock Exchange and, in conjunction with local advisers, stock exchanges in Jakarta, Korea and Singapore.
For purposes of the New York State Bar rules, this press release may be considered Attorney Advertising and the headquarters of the firm are Sidley Austin LLP 787 Seventh Avenue, New York, NY 10019, 212.839.5300 and Sidley Austin LLP One South Dearborn, Chicago, IL 60603, 312.853.7000. Prior results described herein do not guarantee a similar outcome.
CONTACT:
Sidley Austin LLP
H. Timothy Li, 852.2509.7865
Partner
htli@sidley.com
or
Janet Zagorin, +1-212-839-8797
Director of Practice Development
jzagorin@sidley.com
or
Lisa Kong, 852.2509.7899
Marketing Director, Greater China Region
lkong@sidley.com