DeHeng Advised Country Garden Real Estate Group Co., Ltd. 

on Issuance of Special Bonds for Rental Housing

2018-11-20

Country Garden Real Estate Group Co., Ltd. ("Country Garden Real Estate") issued the "special corporate bonds of rental housing for private placement (Phase I) 2018" (hereinafter referred to as "this issuance") on November 16, 2018.

Country Garden Real Estate is China's largest real estate business platform under the Hong Kong listed company, Country Garden Holdings Co., Ltd. (stock code: 2007.HK) ("Country Garden"). Country Garden was established in the Cayman Islands in November 2006 and listed on the Main Board of the Hong Kong Stock Exchange in April 2007. With assets and real estate businesses mostly located in China, Country Garden is one of the leading integrated real estate developers in China. The funds raised by Country Garden Real Estate through this private placement of corporate bonds will be used primarily for the company's long-term rental housing projects. This is the first time that Country Garden Real Estate issued corporate bonds in China, and this is also the first special bond for rental housing issued by Country Garden.

As the legal counsel for the issuer of this issuance, DeHeng put together a project team headed by partner Wang Suqin of the Shenzhen office, and included attorneys Xu Shuai and Zhou Jiangyuan. The project team cooperated closely with the issuer, underwriters, and overseas lawyers in providing professional, comprehensive and high-quality services for this issuance.