China Power New Energy Development - US$125.5 million issue of RMB-denominated guaranteed bonds

  • 20 Jan 2012
 

Slaughter and May, Hong Kong, advised China Power New Energy Development Company Limited (CPNE) on its issue of RMB 800 million (US$125.5 million) RMB-denominated guaranteed bonds to the trustees of China Life Insurance (Overseas) Company Limited (China Life Overseas). The bonds are due in 2017 and are guaranteed by subsidiaries of CPNE.

CPNE is principally engaged in the development of clean energy in the PRC and operates wind power, hydro-electric, waste-to-energy power, natural gas power and other power generation assets. The CPNE Group is also engaged in investment holding in the clean energy power industry, the sale of clean energy power generating equipment and property investments.

China Life Overseas is one of the first and largest state-owned life insurance corporations to operate in Hong Kong and Macau and is a subsidiary of China Life Insurance (Group) Company, one of the largest commercial insurance groups in China and a Fortune Global 500 company.

 
 

Contacts

 

Benita Yu (partner), Lillian Lian (associate), Kevin Ip (associate)

 
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