Ogier's corporate team in Hong Kong has advised Shuifa Group Co Ltd in its US$200 million green bond offering.
The PRC issuer is a leading state-owned conglomerate that focuses on the provision of comprehensive water-related services and solutions, ranging from hydraulic engineering construction, water supply, wastewater treatment to clean energy.
The company's green bond framework outlines the group's approach to developing a "green business" as well as financing environmentally-friendly projects. The framework also provides that the company is committed to following the International Capital Market Association (ICMA) Green Bond Principles in each of its green bond issuances. According to Shui Fa Group, this approach is in line with the group’s ongoing promotion of its sustainable corporate social responsibility strategy.
Ogier partner Nathan Powell said, "Our team has built a significant track record in debt capital markets over the years. We are pleased to work alongside our longstanding client in relation to its first green bond issuance, an exciting development for Shui Fa Group. The company's commitment to the ICMA Green Bond Principles is also reflective of the increasing proportion of green bonds issued by PRC issuers that are in line with international green bond standards."
The Ogier team was led by Nathan and managing associate Cecilia Li with support from paralegal Alexandra Chen.