O’Melveny Represents China Eastern Airlines on RMB 2.5 Billion (US$390 Million) Dim Sum Bond Offering

8월 11, 2011






Sonja Steptoe                           Julie Fei                                                            

O’Melveny & Myers LLP              O'Melveny & Myers LLP

+1 213.430.6384 (office)           +1 213.430.7792 (office)                                                    

+1 323.578.1586 (cell)              +1 213.440.7792 (cell)

ssteptoe@omm.com               jfei@omm.com



Lena Li

O’Melveny & Myers LLP     

+86.10.6563.4282 (Beijing)




HONG KONG--AUGUST 11, 2011 -- O’Melveny & Myers LLP has represented China Eastern Airlines on its offering of RMB 2.5 billion (US$390 million) principal amount of 4% guaranteed bonds due 8 August 2014.  The offering was made under Regulation S to offshore institutional investors located primarily in Hong Kong and Singapore.  The transaction is governed under Hong Kong law.   



According to its press release, China Eastern Airlines intends to use the net proceeds from the offering for working capital and other general corporate purposes. 



O’Melveny’s team for China Eastern was led by counsel Andrew Hutton (Singapore), and partners Neil Campbell (Hong Kong) and Li Qiang (Shanghai).  HSBC, Deutsche Bank, China International Capital Corporation, and Agricultural Bank of China acted as joint lead managers and joint bookrunners.   



The offering for China Eastern is the latest in what has been a productive year to date for the O’Melveny debt capital markets team, which features US, English, and Hong Kong law capabilities. The Firm’s debt capital markets practice includes high-yield, investment grade, convertible and exchangeable bonds and notes, including RMB denominated and “synthetic" RMB bonds, as well as specialized securitization and other structured debt products including asset-backed and credit-linked instruments, forwards and other complex derivatives, and debt exchanges and restructurings.   



“O’Melveny is privileged to act for China Eastern, an industry leader, on one of its strategic transactions,” said Li Qiang.



About O’Melveny & Myers LLP's Asia Capital Markets Practice


O’Melveny began its practice in Asia nearly 25 years ago, and has established itself as one of the most respected and full service legal service providers in the region.  It maintains offices in Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. The Firm boasts one of the strongest capital markets practices in Asia, including mainland China, Hong Kong, Singapore, India, and Indonesia. Our capabilities span US offerings, Hong Kong listings, and an array of debt offerings handled by lawyers with vast experience advising on the complex US regulatory environment, and handling both SEC registered offerings and Hong Kong listings. Chambers Asia-Pacific 2011, the leading guide to the legal profession, cites O’Melveny as a leader in numerous categories including equity and debt transactions in China, Hong Kong, India, and Indonesia. 



About O’Melveny & Myers LLP



With approximately 850 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com