Ogier advises China Reinsurance Corporation on US$800 million keepwell structure notes offering

Ogier's corporate team in Hong Kong acted as counsel to China Reinsurance Finance Corporation Limited (China Reinsurance).

Partner Nathan Powell and senior associate Cecilia Li provided BVI legal advice in relation to China Reinsurance's issue of 3.375% bonds due 2022 in the principal amount of US$800 million, which had the benefit of a keepwell and liquidity support deed by China Reinsurance (Group) Corporation. The Ogier team also provided further support on China Reinsurance's subsequent US$700 million tap issue of notes.

Our team worked alongside Davis Polk & Wardwell, who acted as the issuer's international counsel, and Clifford Chance, who acted as the underwriters' international counsel.