Sidley represented Shanghai Fosun High Technology (Group) Co., Ltd. (Fosun High Technology) in the successful offering of RMB1 billion (approximately US$140 million) 4.90% notes due 2028. The offering marks the world’s first “Yulan Bond” issued by a privately owned enterprise. Named after the Yulan flower, the official flower of Shanghai, the “Yulan Bond” is a joint initiative between Shanghai Clearing House and Euroclear Bank. Launched in December 2020, it is an innovative financial product designed to help Chinese issuers access international capital markets through the cross-border connectivity of financial infrastructures.
Sidley’s Debt Capital Markets practice is widely recognized for its strong transactional track record, having been ranked Band 1 by Chambers Greater China Region for 14 consecutive years. It was also named “Securities Firm of the Year” at Law.com International’s Asia Legal Awards 2024 and has received a number of accolades from other publications including IFLR APAC Awards, Debtwire, China Business Law Journal, Legal 500 Asia Pacific, FinanceAsia, and The Asset.
