Baker & McKenzie has advised Chinese coal producer Yanzhou Coal Mining Co (Yanzhou Coal) on its notes issuance worth $1 billion.

The notes are listed on the Hong Kong Stock Exchange, and were issued in two tranches – $450 million of 4.461 percent guaranteed notes due 2017, and $550 million of 5.730 percent guaranteed notes due 2022.

Yanzhou Coal intends to use the proceeds to repay its debt and finance the company’s overseas mining operations, among other corporate initiatives.

The joint lead managers and bookrunners of the offering were Deutsche Bank and UBS.

Acting as U.S. and Hong Kong counsel to the issuer was a Baker & McKenzie securities team headed by Hong Kong-based partner Brian Spires and Beijing-based partner Pui Hong Chik. Freehills advised Yanzhou Coal on Australian law, while King & Wood Mallesons served as its PRC counsel.

Davis Polk & Wardwell advised Deutsche Bank and UBS on U.S. and Hong Kong law aspects, while Jingtian & Gongcheng advised the banks on PRC law. ALB

Kanishk Verghese is North Asia journalist at ALB. Follow him on Twitter: @ALB_Magazine.

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