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China Construction Bank (London) - £17 million bilateral term loan to Land Rover
Slaughter and May advised China Construction Bank (London) Limited as lender in relation to a £17 million bilateral term loan made available to Land Rover and guaranteed by Land Rover's affiliate, Jaguar Cars Limited. An £18 million standby letter of credit in respect of the loan was issued to the lender by its PRC parent, China Construction Bank Corporation, Shanghai Branch. The standby letter of credit was secured by a Renminbi cash deposit from Jaguar Land Rover Automotive Trading (Shanghai) Co. Ltd., a PRC-incorporated company.
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Financing: Miranda Leung (partner), Niamh Dennehy (associate)
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