By King & Wood Mallesons

King & Wood Mallesons (KWM) has advised Fenghui Leasing Co. Ltd. as US and PRC counsels on its offering of US$150 million 7.875% guaranteed notes due 2019. It is the first high yield bond issued by a PRC financial leasing company and a landmark transaction for both the issuer, as its debut international bond offering, and for KWM, as the first ever international law firm to act as both US and PRC counsel in a bond issuance.

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