Changyu (David) Liao

Offshore Debt Securities Offerings

• A Shandong-based state-owned infrastructure construction group as international counsel in its issue of three-year bonds with the principal amount of $200 million
• A Sichuan-based state-owned enterprise as international counsel in its issue of three-year bonds with the principal amount of $150 million
• A Shandong-based state-owned urban development group as international counsel in its issue of three-year bonds with the principal amount of $310 million
• A Wenzhou-based state-owned enterprise as international counsel in its debut issue of three-year FTZ bonds with the principal amount of CNY2 billion
• A provincial-level state-owned asset management company as international counsel in its debut issue of three-year bonds with the principal amount of $400 million and a repeat issue of three-year bonds with the principal amount of $110 million
• The joint lead managers as international counsel in connection with the debut issue of 10-year FTZ bonds with the principal amount of CNY1 billion and a subsequent issue of 10-year FTZ bonds with the principal amount of CNY300 million by a Suzhou-based state-owned enterprise
• A private new energy company as international counsel in its debut issue of three-year green bonds with the principal amount of $100 million and a repeat issue of three-year green bonds with the principal amount of $140 million
• A state-owned urban development enterprise in Zhejiang Province as international counsel in its debut issue of three-year FTZ bonds with the principal amount of CNY1 billion
• A Shaoxing-based state-owned enterprise as international counsel in its issue of five-year bonds with the principal amount of $700 million, its issue of five-year FTZ bonds with the principal amount of CNY1 billion, and a subsequent issue of three-year FTZ bonds with the principal amount of CNY500 million
• A Guangzhou-based state-owned enterprise as international counsel in its debut issue of three-year green bonds with the principal amount of $450 million
• A Henan provincial state-owned investment group as international counsel in its debut issue of three-year bonds with the principal amount of $300 million
• A Shandong-based state-owned infrastructure development group as international counsel in its debut issue of three-year bonds with the principal amount of $300 million and a subsequent consent solicitation transaction in connection with such bonds as well as a repeat issue of three-year bonds with the principal amount of $100 million
• A Hong Kong Stock Exchange-listed financial institution as international counsel in its debut issue of 364-day senior bonds with the principal amount of $200 million
• A Shenzhen-based commercial real estate development group as international counsel in its debut issue and multiple subsequent issues of high-yield bonds as well as green bonds with credit enhancement of SBLC
• The joint lead managers as international counsel in connection with the debut issue of three-year FTZ bonds with the principal amount of CNY3 billion and a subsequent issue of three-year FTZ bonds with the principal amount of CNY750 million by a Shanghai state-owned land development group
• A Jinan municipal level state-owned urban construction group as international counsel in its debut issue and multiple subsequent issues of US dollar-denominated bonds as well as FTZ bonds
• A Yantai municipal level state-owned enterprise as international counsel in its debut issue of three-year bonds with the principal amount of $250 million
• A Zhaoqing-based state-owned enterprise as international counsel in its debut issue of three-year green bonds with the principal amount of $300 million
• A Beijing municipal level environmental sanitation engineering group as international counsel in its issue of three-year green bonds with the principal amount of $230 million
• The joint lead managers as international counsel in connection with the debut issue of three-year bonds with the principal amount of $287 billion by a Jinan municipal state-owned financial service group
• A Hainan provincial state-owned enterprise as international counsel in its debut issue of three-year bonds with the principal amount of $300 million
• A Nanjing-based state-owned enterprise as international counsel in its debut issue of 10-year FTZ bonds with the principal amount of CNY1 billion (the first FTZ bonds issue)
• A Henan provincial water conservancy investment group as international counsel in its debut issue of five-year bonds with the principal amount of $500 million
• A Guangzhou-based commercial bank as international counsel in its debut issue of none-cumulative perpetual offshore preference shares with the principal amount of $1.43 billion
• A Shandong-based state-owned commercial group as international counsel in its debut issue and multiple subsequent issues of senior bonds
• A Guangzhou-based state-owned enterprise as international counsel in its debut issue of two tranches of offshore bonds, i.e., three-year bonds with the principal amount of $400 million and five-year bonds with the principal amount of $150 million
• A Hong Kong Stock Exchange-listed Nanjing-based real estate development group as international counsel in connection with multiple issues of offshore high yield bonds as well as private placement of senior bonds