DeHeng Advised Multiple Clients

on Issuing Offshore Corporate Bonds in 2020

2020-12-30

As of the end of December 2020, the DeHeng team led by partner Hou Zhiwei of its Beijing Office had advised the following clients on the issuance of overseas bonds.

Jinan City Construction Group Co., Ltd.

The overseas subsidiary of Jinan City Construction Group issued USD 200 million bonds overseas in December 2020 with a coupon rate of 2.4%. The underwriters were CICC Hong Kong, Guotai Junan, BOC International, Bank of China, CITIC CLSA and others. DeHeng acted as the underwriters' domestic counsel.

Jinan Hi-Tech Holding Group Co., Ltd.

The overseas subsidiary of Jinan Hi-Tech Holding Group Co., Ltd. issued USD 180 million bonds in December 2020 with a coupon rate of 3.3%. The underwriters were CPC, Industrial Bank Hong Kong Branch, Guotai Junan, and Bank of China. DeHeng acted as the issuer's domestic counsel.

Skyfame Realty (Holdings) Co., Ltd.

Skyfame International Holdings Co., Ltd., an overseas subsidiary of Skyfame Realty (Holdings) Co., Ltd., issued USD 80 million of bonds in December 2020 with a coupon rate of 13%. The underwriters were Guotai Junan, CCB International, Scoochow CSSD Asset Management (Asia) Pte. Ltd), CMB International, GF Securities, CONTINENTAL Securities, Jinfeng Securities, and Golden Rich Securities. DeHeng acted as the underwriters' domestic counsel.

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