Home Legal Advice Linklaters advises on Contemporary Amperex Technology’s profitable debut issuance of US$1.5bn dual-tranche...

Linklaters advises on Contemporary Amperex Technology’s profitable debut issuance of US$1.5bn dual-tranche fastened fee bonds

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Linklaters acted because the worldwide authorized advisor to the underwriters on the profitable debut bond issuance by Contemporary Amperex Technology Co. Limited (CATL). CATL is a globally famend developer and maker of lithium-ion batteries and is likely one of the largest firms on China’s A-share Growth Enterprise Market by market capitalisation.

This dual-tranche issuance consists of US$1bn 5-year senior fastened fee bonds with a coupon fee of 1.875% and US$500m 10-year senior fastened fee bonds with a coupon fee of two.625%.

This profitable issuance marks the biggest issuance of US dollar-denominated bonds issued by Chinese non-public enterprises under Regulation S since 2020, as well as the biggest single debut issuance of US dollar-nominated bonds issued by Chinese enterprises under Regulation S since 2017.

The transaction was led by Linklaters’ capital markets companions Michael Ng and Hanwen Yu, with assist from managing affiliate Libin Shi.

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