Sidley Represents China Water Affairs in its US$137 Million Blue Bonds Offering

Sidley represented China Water Affairs Group Limited (China Water Affairs, Company, HKEX: 0855) in connection with its offering of RMB1 billion (approximately US$137 million) 3.45% guaranteed blue bonds due 2030 in reliance on Regulation S. The payment obligations of the Company under the bonds are guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank.

The bonds are issued as blue bonds under the Company’s Green & Blue Finance Framework, and under the ASEAN+3 Multi-Currency Bond Issuance Framework, which is a policy initiative under the Asian bond markets to facilitate intra-regional bond and note issuances.

The Sidley team was led by partner Renee Xiong. Other team members included senior managing associate Jacob Zhao and senior legal assistant Jiyan Yan.