DeHeng Advised Several Companies on Overseas Bond Issuance in 2020

2020-09-30

As of September 28, 2020, the DeHeng team led by partner Hou Zhiwei in the Beijing Office, had advised on a number of overseas bond issuances, with a total financing amount of nearly USD 10 billion.

ICBC Financial Leasing Co., Ltd.

In August 2020, ICBC Financial Leasing Co., Ltd. completed the issuance of five-year USD 900 million bonds through its subsidiary, with a coupon rate of 1.75%.DeHeng acted as the domestic legal counsel for the joint bookrunners: ICBC International, ICBC (Asia), ICBC Standard, ICBC Singapore Branch, ANZ Bank, Bank of Communications Hong Kong Branch, Bank of China, BNP Paribas, CCB International, Goldman Sachs, HSBC, Morgan Securities, Mizuho Securities Asia.

ABC International Holdings Limited

In August 2020, ABC International Holdings Limited completed the issuance of five-year USD 800 million bonds through its subsidiary with a coupon rate of 1.65%.DeHeng acted as the domestic legal counsel for the joint bookrunners including ABC International Financing Co., Ltd., Agricultural Bank of China Hong Kong Branch, Bank of Communications Hong Kong Branch, China CITIC Bank International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China Everbright Securities (Hong Kong), CICC Hong Kong, Minsheng Bank Hong Kong Branch, China Securities International Financing Co., Ltd., Chiyu Banking Corporation, China Merchants Wing Lung, CTBC Bank, Guosen Securities (Hong Kong), Huatai Financial Holdings (Hong Kong), ICBC International, Nanyang Commercial Bank, Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, Standard Chartered Bank, Bank of East Asia, and HSBC.

CMB Financial Leasing Co., Ltd. 

In August 2020, CMB Financial Leasing Co., Ltd. renewed overseas medium-term notes of USD 20 billion and issued USD 800 million and USD 400 million notes under the medium-term notes with the maturity terms of 5 years and 10 years and the coupon rates 1.875% and 2.75% respectively. DeHeng served as the domestic legal counsel for the issuer. The joint bookrunners were ABC Hong Kong Branch, Bank of China, CMB International, Standard Chartered Bank, ANZ Bank, China Merchants Wing Lung, BNP Paribas, Shanghai Pudong Development Bank, Hong Kong Branch of Minsheng Bank, Citigroup Global Markets, ICBC Hong Kong Branch and UOB Hong Kong Branch.

Huangshan Tourism Group Co., Ltd.

In August 2020, Huangshan Tourism Group Co., Ltd. issued a 5-year EUR 230 million bond overseas with a coupon rate of 0.9%. DeHeng acted as the domestic legal counsel for the joint bookrunners: the Bank of China, ABC International, CNCB (Hong Kong) Capital, Bank of Communications, BOSC International, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, Minsheng Bank Hong Kong Branch, Ping An Securities (Hong Kong), Guotai Junan Securities (Hong Kong) ), Guosen Securities (Hong Kong), Guoyuan Capital, Haitong Bank, Industrial and Commercial Bank of China (Asia), and Shanghai Pudong Development Bank Hong Kong Branch.

China Three Gorges Corporation

In September 2020, China Three Gorges Corporation, through its overseas subsidiary, issued 5-year bonds worth USD 500 million and 10-year bonds worth USD 500 million, with the coupon rate of 1.3% and 2.15% respectively. DeHeng acted as the domestic legal counsel for the issuer. The joint bookrunners were the Bank of China, Deutsche Bank, ICBC, JP Morgan Chase, Agricultural Bank of China, Mizuho Securities, China Construction Bank, Standard Chartered Bank, CITIC CLSA Securities, Bank of Communications, DBS Bank, UBS, Morgan Stanley, Societe Generale, Everbright Sun Hung Kai, Haitong Bank and CMB International.

Hefei Industry Investment Holdings (Group) Co., Ltd.

In September 2020, Hefei Industry Investment Holdings (Group) Co., Ltd., through its overseas subsidiary, issued a three-year bond worth USD 300 million with a coupon rate of 2.95%.DeHeng acted as the domestic legal counsel for the joint bookrunners: Guotai Junan International, ICBC (Asia), Industrial Bank Hong Kong Branch, Bank of China, SPDB Hong Kong Branch, China Merchants Wing Lung Bank and China Minsheng Bank Hong Kong Branch.

The DeHeng team was led by partner Hou Zhiwei, with primary support from partner Zhang Yan, Hu Xueyuan, Yang Jingjing, Wang Yujia, Wen Bin as well as Xianyu Jiashan, Sun Yuehao and Jiang Yue.