Han Kun Law Offices LLP ("Han Kun Hong Kong") acted as the sole international legal counsel to the China-Portuguese Speaking Countries Cooperation and Development Fund Company Limited (the "Fund") in connection with the Fund's full subscription of the inaugural bond issuance by the New Development Bank ("NDB") in the Macau Special Administrative Region. The Lotus bonds involved a three-year, US$50 million private placement (the "Bonds"), the proceeds of which will be exclusively applied to support development projects in Brazil. The Bonds were recently registered and deposited with the Macau Central Securities Depository and Clearing Company Limited (MCSD).
Established by the BRICS nations, the NDB is a multilateral development bank mandated to finance infrastructure and sustainable development projects in BRICS countries, as well as other emerging economies and developing nations.
This transaction marks not only a significant step for the NDB in broadening its funding channels, but also a concrete demonstration of Macau's role as a "Financial Services Platform for Cooperation between China and Portuguese-speaking Countries," further enriching its cross-border investment and financing landscape. The active participation of the Fund also highlights Macau's distinctive advantage as a bridge connecting Portuguese-speaking countries with global emerging market capital.
ZHANG Yilun, a partner of Han Kun Hong Kong, has long been actively engaged in financial product innovation and supported various innovative initiatives in the national financial infrastructure sector. For instance, Partner ZHANG Yilun previously participated deeply in the entire process of the structural design and the formulation of legal document standards for the world's first bond cleared and settled via the Macao Central Securities Depository and Clearing Limited ("MCSD") after MCSD was established and the world's first Yulan Bonds. This project once again demonstrates the Han Kun team's capability to provide clients with integrated and high-quality legal services in the field of cross-border financial innovation.
