West China Cement’s US$600 Million Bond Offer

Carey Olsen advised West China Cement Limited on the deal.West China Cement Limited (the “Company”) issued US$600 million 4.95% senior notes due 2026, which have been listed on The Stock Exchange of Hong Kong.

The notes are guaranteed by WC Cement Limited (incorporated in the British Virgin Islands) and certain other subsidiaries of the Company. Nomura and China International Capital Corporation acted as joint global coordinators, joint lead managers and joint bookrunners.

The Company, which is a leading cement manufacturer and distributor in north-western China and incorporated in Jersey, will use the proceeds of the issue for refinancing, replenishing working capital and general corporate purposes including overseas expansion and investment in Africa.

The Carey Olsen team comprised partners Simon Marks (Picture – Jersey) and James Webb (Hong Kong) with support from counsel Matthew Ecobichon (Jersey) and Daniel Moore (Hong Kong) and associate Lucy Robbins (Jersey).
Involved fees earner: Matthew Ecobichon – Carey Olsen; Simon Marks – Carey Olsen; Daniel Moore – Carey Olsen; Lucy Robbins – Carey Olsen; James Webb – Carey Olsen; Law Firms: Carey Olsen; Clients: West China Cement;

Author: Giulia Di Palma