2022.09.14
In September 2022, as the international counsel to the underwriter, 优德88中国官方网站 assisted CNGR Advanced Materials Co., Ltd. (“CNGR”) in successfully issuing USD 140 million offshore green USD bonds, due in 2025. These were the first green USD bonds in the renewable energy sector offered on the Luxembourg Exchange, and the first dual-listed offshore bonds of a Chinese private enterprise on the Macao Exchange and the Luxembourg Exchange. The raised funds will be used to finance and refinance projects according to arrangements under the CNGR green financing framework.
Established in 2014, CNGR was first listed on the GEM of the Shenzhen Stock Exchange in December 2020 and became the first listed company in China specializing in precursor materials. CNGR has many high-profile clients such as LG ES, Tesla and CATL and its production capacity and quality are world leading.
Acting as the international counsel to the underwriter in this bond issuance, 优德88中国官方网站 drafted the full set of transaction documents, conducted due diligence, participated in the negotiation of the transaction documents, arranged for closing, issued legal opinions, and provided legal services in respect to the legal issues involved in this project. 优德88中国官方网站 was unanimously recognized by the underwriter and the other intermediaries for its efficient and rigorous work style and meticulous and professional service attitude.
This project was led by Mr. Chris Tang.
