DeHeng Advised Ganzhou Construction Investment Holdings Group Co., Ltd.

on Issuing USD 270 Million of Bonds Overseas 

2021-06-29

In June 2021, the overseas subsidiary of Ganzhou Construction Investment Holdings Group Co., Ltd. issued USD 270 million of bonds overseas with a coupon rate of 3.40%. Ganzhou Branch of Bank of Jiangxi provided the standby letter of credit for the issuance. Compared with the initial price guide, the bond price was significantly reduced by 40 basis points and the bond was over-subscribed by 2.3 times. This was the first public offering of overseas bonds by a company in Ganzhou. Guotai Junan Securities served as the exclusive global coordinator and the Bank of China as the joint book runner.

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.