Baker McKenzie advises China Eastern Airlines on its program listing on the TOKYO PRO-BOND Market
Tokyo, Japan, 13 February 2018 – Baker McKenzie advised China Eastern Airlines Corporation Limited, one of the largest airlines in China, on its program listing on the Tokyo Stock Exchange-operated TOKYO PRO-BOND Market1. The listing will enable the company to issue individual bonds with a maximum total value of 50 billion yen.
The Firm’s team on the listing was led by Tokyo office partner Seishi Ikeda, who was strongly supported by senior associate Hiroki Watanabe and foreign associate Fei Zhou. The cross-border team also included partner Jackie Lo from the Baker McKenzie Beijing office and associates Shirley You and Shanshan Xu from the Baker McKenzie Shanghai office.
Seishi had the following comments about the deal. “We were greatly honored by the opportunity to support China Eastern Airlines, China’s leading carrier, on its program issuance on the TOKYO PRO-BOND Market. I believe that our success in this listing is due in large part to Baker McKenzie’s global platform, which enabled our agile international team of multilingual attorneys with cross-border expertise to work together closely and efficiently. Overseas corporations interested in the Japanese market can count on our continuing comprehensive support.”
Please refer to the link below for the Tokyo Stock Exchange’s article on this topic.
http://www.jpx.co.jp/english/news/1070/20180202-01.html
1: The TOKYO PRO-BOND Market is a new bond market for professional investors based on the “professional market system” incorporated into the Financial Instruments and Exchange Act in 2008. The TOKYO PRO-BOND Market has been explained to offer flexible and timely bond issuance and to provide greater convenience for issuers, investors, securities companies and other market participants both in Japan and overseas.