中国财政部近日在法国巴黎发行了三支以欧元计价的主权债券，合计金额高达40亿欧元。这笔债券随后在巴黎泛欧证券交易所和伦敦证券交易所上市。年利达律师事务所在此次交易中担任了中国财政部的法律顾问，安理国际律师事务所则担任了联合主承销人的法律顾问。
根据年利达的一份新闻稿，这是中国政府迄今为止单次发行的最大规模外币主权债券，也是继2004年首次发行10亿欧元主权债后，中国政府15年来第一次发行以欧元计价的债券。国际投资者下了近200亿欧元订单。
多家银行作为承销商及簿记行参与了此次交易，其中包括中国银行、中国交通银行、中国国际金融公司、美银美林集团、花旗集团、德国商业银行、法国农业信贷银行、德意志银行、汇丰银行、法国兴业银行、渣打银行，以及瑞银。
自2009年起，年利达一直担任中国财政部的国际法律顾问，其为此次交易组织了跨越香港、上海、伦敦和巴黎的联合工作组，牵头律师为中国区管理合伙人刘克诚。安理国际律师事务所此次项目牵头人为合伙人曾舒颕及顾问律师叶诗敏。
Linklaters, A&O act on China’s issuance of 4 bln euros in debt
Linklaters has advised the China’s Ministry of Finance on its sale of 4 billion euros in a three-part debt deal, its first re-issue of euro-denominated sovereign bonds in 15 years. Fellow Magic Circle firm Allen & Overy advising the joint lead managers.
According to Reuters, the deal sets a benchmark for Chinese issuers in the euro market, which could help steer corporate issuance away from dollar-denominated debt, at a time when China and the United States aim to defuse a 16-month-old trade war.
Reuters added that Bank of China, Bank of Communications, China International Capital Corp, BofA Securities, Citigroup, Commerzbank, Credit Agricole, Deutsche Bank, HSBC, Societe Generale, and Standard Chartered were the joint lead managers and book runners of the sale.
The team from Linklaters, which has been the international legal advisor to the Ministry of Finance since 2009, was led by partner and China head William Liu. The A&O team was led by partner Agnes Tsang.
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