整个2月，债券市场显现出活跃的发展态势，斩获多个“首次发行”；而美股在De-SPAC合并上市方面也持续了开年的良好势头。
- 港府首次发行代币化绿色债券
安理国际律师事务所（A&O）、亚司特律师事务所及年利达律师事务所近日助力香港特别行政区政府成功发行首批港元代币化*绿色债券。本次交易共募集8亿港元，将用于为香港政府绿色债券框架中合资格项目提供融资和/或再融资。
本项目中，A&O担任发行人律师，亚司特担任平台提供方律师，年利达则担任联席牵头经办人和信托人的法律顾问。
本次交易在市场中开创了多个先例，包括：香港政府首次发行的代币化绿色债券；全球范围内首笔由政府发行人发行的代币化绿色债券；及首笔由香港法管辖的代币化债券。
A&O团队由合伙人曾舒颕牵头；亚司特团队由合伙人Etay Katz、Ben Hammond领衔；年利达团队由合伙人张可儿、何朗忠领导。
*该债券中的实益权益在交收时记录于平台上的代币化证券账户。
- 秦淮数据发行高级无抵押债券
君合律师事务所、年利达律师事务所近日助力秦淮数据集团控股有限公司成功发行总额为3亿美元、3年期高级无抵押债券。本次交易募集资金将用于投资中国和亚太新兴市场的数据中心、补充运营资金以及研发投资。
本项目中，年利达担任发行人律师，君合为承销商提供法律服务。
秦淮数据集团是亚太新兴市场领先的中立第三方超大规模数据中心解决方案运营商。本次交易是中概股发行人自2021年8月以来发行的首笔离岸债券。
君合团队由合伙人余永强、雷天啸、内核合伙人叶军莉牵头；年利达团队由合伙人李家栋、刘永扬领导。
- 医道国际通过De-SPAC登陆纳斯达克
医道国际集团完成与特殊目的收购公司Mountain Crest Acquisition Corp. III（MCAE）的合并，成功于纳斯达克上市。医道国际合并交易后的估值约为10亿美元。
竞天公诚律师事务所、Sichenzia Ross Ference律师事务所以及Maples Group为医道国际提供法律服务；乐博律师事务所则担任MCAE的法律顾问。
医道国际成立于2020年，是一家数字医疗集团，主要业务涵盖医疗、生物科技和保险经纪等行业。
Sichenzia团队由合伙人Lou Huan、Jay Kaplowitz、David Manno领导；乐博团队由合伙人Mitchell Nussbaum、Ronelle Porter、Andrei Sirabionian、Shahrooz Shahnavaz牵头。
Deal Digest: Bond market shows activity, De-SPAC deal momentum continues
The bond market showed its activity in February with a number of first-of-its-kind transactions, meanwhile, the US equity market continued to witness influential de-SPAC merger listing.
HKSAR Government’s tokenised* green bond
Allen & Overy has advised the HKSAR Government on its inaugural issuance of HK$800 million tokenised* green bond, with Ashurst advising Goldman Sachs on the use of their new tokenisation platform, and Linklaters advising the joint lead managers and the trustee in this project.
The proceeds will be used to finance and/or refinance eligible projects under the HKSAR Government’s Green Bond Framework.
This transaction marked several “firsts” in the market including: the first tokenised green bond by the HKSAR Government, the first tokenised green bond by a government issuer globally, and the first tokenised bond governed by Hong Kong law.
The A&O team was led by partner Agnes Tsang; The Ashurst team was led by partners Etay Katz and Ben Hammond; The Linklaters team was led by partners Gloria Cheung and Jonathan Horan.
*where the beneficial interests in the green bond are recorded on issue date in the tokenised securities accounts on a distributed ledger technology-based digital assets platform
Chindata issued senior unsecured bond
Linklaters has advised Chindata Group on its debut issuance of $300 million senior notes due 2026 in the U.S., with JunHe advising the underwriter. The net proceeds will be used for the company’s investment in data centres in the Chinese Mainland and overseas, supplementing working capital and investment in R&D.
Established in 2015, Chindata Group is a leading carrier-neutral hyperscale data centre solution provider in Asia Pacific emerging markets. This was the first offshore bond issued by a Chinese issuer since August 2021.
The Linklaters team was led by partners Lipton Li and Terence Lau; The JunHe team was led by partners Yu Yongqiang, Lei Tianxiao and Ye Junli.
NASDAQ – ETAO
ETAO International Group (ETAO) closed its combination with SPAC Mountain Crest Acquisition III (MCAE) and achieved listing status on Nasdaq. The deal was valued at $2.5 billion in 2022 but now reduced to $1 billion due to underperformance.
Sichenzia Ross Ference, Jingtian & Gongcheng and Maples Group advised ETAO in the deal, with Loeb & Loeb advising MCAE.
Established in 2017, ETAO is a digital healthcare group, maintaining a network of private specialized hospitals, telemedicine platforms, and AI healthcare technologies.
The Sichenzia team was led by partners Lou Huan, Jay Kaplowitz and David Manno; The Loeb & Loeb team was led by partners Mitchell Nussbaum, Ronelle Porter, Andrei Sirabionian and Shahrooz Shahnavaz.
