DeHeng Advised Overseas Subsidiary of Jiangsu Dafeng Haigang

Holdings Limited on Issuing USD 55 Million Overseas Bonds

2021-03-25

In March 2021, the overseas subsidiary of Jiangsu Dafeng Haigang Holdings Limited issued an overseas bond worth USD 55 million with a coupon rate of 2.4%, with guarantee from Jiangsu Dafeng Haigang Holdings Limited and the standby letter of credit from the Yancheng Branch of the Bank of Jiangsu. The joint global coordinators were Tiansheng Securities, Haitong International and BOSC International, and the joint lead managers were Hong Kong Branch of Pudong Development Bank, CEB International, Everbright Securities, China Huarong International Holdings Limited and China Industrial Securities International Financial Group. 

As the Chinese legal counsel for the placement agents, the DeHeng team was led by partner Hou Zhiwei and lawyer Chen Hongyan, with primary support from Zhang Yan, Wen Bin, Hu Xueyuan, Wang Jing, Wang Yujia, Xianyu Jiashan, Sun Yuehao and Jiang Yue, and provided comprehensive, professional, efficient and high-quality legal services for the issuance.