King & Wood Mallesons has advised Xuzhou Economic and Technology Development Zone State-owned Assets Management Co. Ltd. (Xuzhou ETDZ Group) as international counsel in relation to its offering of US$300,000,000 4.50% guaranteed bonds due 2019. Xuzhou ETDZ Group is a major investment and financing vehicle (LGFV) of the Xuzhou Municipal Government based in Xuzhou, Jiangsu Province, China, which focuses on city construction and development in Xuzhou Economic and Technology Development Zone. The notes are issued by a BVI wholly-owned subsidiary of Xuzhou ETDZ Group and are unconditionally and irrevocably guaranteed by Xuzhou ETDZ Group.

The KWM team was led by Hong Kong-based partner Hao Zhou, supported by senior associate Michael Lu.