King & Wood Mallesons advises China Travel Service on US$1 billion guaranteed notes issue

CTS HK is a PRC state-owned travel agency group which focuses on travel and tourism with diversified businesses including real estate development, logistics and freight forwarding services and iron and steel production. CTS HK is one of the three PRC state-owned enterprises that are headquartered in Hong Kong.

The cross-border team was led by our HK-based partners Hao Zhou and Richard Mazzochi (who advised CTS HK on Hong Kong and English law aspects) and partners Zhang Yi and Jason Qiu (who advised CTS HK on PRC law aspects).

Commenting on the deal, our partner Hao Zhou said, “We are delighted to have had the opportunity to advise China Travel Service, a long-term client of the firm, on this exciting international bond offering. This transaction demonstrates our firm’s capability of providing truly one-stop fully integrated service under PRC, HK, English and US law to our Chinese issuer clients on their international securities offerings.”

Source:  www.mallesons.com