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Guantao Law Firm advises Sunny Optical on issuing USD 400 million sustainability linked bonds

On 17 January 2023, Sunny Optical Technology (Group) Co., Ltd. (“Sunny Optical”) (2382.HK) issued USD 400 million sustainability linked bonds with a term of 3.5 years and annual rate of 5.95%.

Sunny Optical is a leading manufacturer of optical components and products. This issuance has attracted a number of high-quality international investors and was oversubscribed nearly 5 times. 

This is the first overseas sustainability linked bond issued by a Chinese enterprise, as well as the first pricing of the offering of USD bonds by a Chinese enterprise in 2023. 

Guantao Law Firm worked as the legal adviser for Sunny Optical in this issuance and provided legal service throughout the process. Attorney GAN Weimin, partner of the firm, was responsible for this project. Attorney CHEN Xiaochuang and attorney XIAO Jiajia, both partners of the firm, dealt with this case.