The guaranteed green notes are due 2028 

Davis Polk advised the arrangers in connection with the update of the $2 billion guaranteed medium-term note program of Coastal Emerald Limited guaranteed by Shandong Hi-Speed Holdings Group Limited or Shandong Hi-Speed Group Co., Ltd.

Davis Polk also advised the joint lead managers in connection with a drawdown under the $2 billion guaranteed medium-term note program of Coastal Emerald Limited, consisting of a Regulation S offering by Coastal Emerald Limited of $500 million aggregate principal amount of 4.60% notes due 2028, guaranteed by Shandong Hi-Speed Group Co., Ltd. The notes are being issued as “green bonds” under the green finance framework of Shandong Hi-Speed Group Co., Ltd.

Shandong Hi-Speed Group Co., Ltd. is a solely state-owned enterprise in Jinan, China, mainly engaged in investment, construction and operation of highways, expressways, bridges, railways, harbors and other infrastructure.

The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyers Moran Zhang and Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.

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