News

DeHeng Advised Jinan Hi-Tech Holding Group

 on Issuance of Offshore Dollar Bonds

2018-12-14


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In December 2018, Jinan Hi-tech Holding Group Co., Ltd. successfully launched its first offshore dollar bonds in Hong Kong. The issuance's global coordinators, Joint Bookrunners and Joint Lead Managers included China International Capital Corporation, Industrial Bank Co., Ltd. Hong Kong Branch, Zhongtai International., Guotai Junan International, Silk Road International, Shanghai Pudong Development Bank Hong Kong Branch, Central Wealth Securities Investment Limited, China Everbright Bank Hong Kong Branch, Southwest Securities International and BOCOM International. The coupon rate of this three-year bonds worth USD 250 million is 6.40%, which is the lowest among comparable non-rated dollar bonds recently issued in the Asian market.

 

Jinan Hi-tech Holding Group Co., Ltd. is a wholly state-owned company funded by Jinan Innovation Zone Steering Committee in 2005 and operates as the main financing vehicle and developer of the Innovation Zone. It is responsible for the development, operation, public utilities, assets operation and management, and financial investment in the Zone. It has a registered capital of RMB 4 billion and total assets of more than RMB 47 billion. Its principal business focuses on the integrated development of the Innovation Zone and is supplemented by business in real estate development and financial investment.

 

As the PRC counsel to the Managers in connection with this issuance, DeHeng assembled a project team headed by lawyer Hou Zhiwei, partner of the Beijing office, and lawyer Yan Zheng, with the members of lawyers Zhang Yan, Zuo Ti and Hu Xueyuan as well as paralegal Yang Jingjing and Wang Zhi. The project team provided professional, comprehensive and premium legal services for the issuance.

Relevant Lawyer

  • Zhiwei HOU

    Partner

    Tel:+86 10 5268 2888

    E-mail:houzw@dehenglaw.com

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