DeHeng Advised Nanchang Jinkai Group
on Issuing USD 68 Million Overseas Bonds
2021-04-06
In April 2021, Nanchang Jinkai Group issued USD 68 million of bonds overseas with a coupon rate of 1.98%. Jiangxi Branch of Industrial and Commercial Bank of China Limited provided it with the standby letter of credit. ICBC International, Dongxing Securities (Hong Kong) and ICBC (Asia) served as the joint global coordinators, joint lead managers and joint book managers. Hong Kong Branch of Shanghai Pudong Development Bank acted as the joint lead manager and joint book manager.
As the Chinese legal counsel for the underwriters, the DeHeng team was led by partner Hou Zhiwei, with primary support from Zhang Yan, Wen Bin, Wang Jing, Hu Xueyuan, Wang Yujia, Xianyu Jiashan, Sun Yuehao and Jiang Yue, and provided professional, comprehensive and high-quality legal services for the issuance.