Paul Hastings has advised COSCO Finance, a wholly-owned subsidiary of China COSCO Holdings Company, on its $1 billion issuance of 4 percent bonds due 2022.

COSCO Finance intends to lend the net proceeds from the offering to China COSCO’s offshore subsidiaries and affiliates for general corporate purposes.

Partner and Greater China chair Raymond Li led the Paul Hastings team, assisted by capital markets partners Vivian Lam and London-based partner Christian Parker.

Linklaters advised the joint lead managers and joint bookrunners – Bank of China International and HSBC – on the transaction.

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

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