DeHeng Advised Several Companies on Overseas Bond Issuance
2021-11-29
1. CNCB (Hong Kong) Investment Limited
In November 2021, CNCB (Hong Kong) Investment Limited completed the issuance of three-year USD 500 million bonds overseas with a coupon rate of 1.75%.
DeHeng acted as the Chinese legal counsel for the underwriter and advised CNCB (Hong Kong) Investment Limited on completing the offering.
2. ICBC Financial Leasing Company Limited
In November 2021, ICBC Financial Leasing Co., Ltd. issued USD 1.35 billion worth of bonds through its subsidiary ICBCIL Finance Co., Ltd. For credit enhancement, ICBC Financial Leasing provided the keepwell deed, the liquidity support agreement and the asset purchase commitment for the issuance.
ICBC Financial Leasing, a wholly-owned subsidiary of ICBC, is an important platform and practice for ICBC's comprehensive and international operation. As a bank-funded financial leasing company approved by China Banking Regulatory Commission, ICBC Financial Leasing is committed to building itself into a world-class financial leasing company. After more than 10 years of development, it has become a leading leasing enterprise in China in terms of asset scale, innovation capability and market leadership.
DeHeng acted as the Chinese legal counsel for the underwriter and advised on completing the offering.
3. Jinan Hi-Tech Holding Group Co., Ltd
In November 2021, Jinan Hi-tech Holding Group Co., Ltd. completed the issuance of three-year bonds worth USD 250 million overseas with a coupon rate of 2.8%.
DeHeng once again served as the PRC legal counsel for the issuer and advised the client on completing this offering.
4. Yichang Hi-Tech Investment & Development Co., Ltd.
In November 2021, Yichang Hi-Tech Investment & Development Co., Ltd. completed the issuance of three-year USD 100 million bonds overseas with a coupon rate of 5%.
DeHeng once again served as the PRC legal counsel for the issuer and advised the client on completing this offering.
5. Taishan Caijin Investment Group Co., Ltd.
In November 2021, Taishan Caijin Investment Group Co., Ltd., through its overseas subsidiary Taishan Finance International Business Co., Limited, completed the issuance of three-year USD 300 million senior unsecured bond overseas with a coupon rate of 3.5%. This offering is the first public offering of Taishan Caijin Investment Group in the international capital market.
DeHeng served as the PRC legal counsel for the issuer and advised the client on completing this offering.
6. Jinan City Construction Group Co., Ltd.
In November 2021, Jinan City Construction Group Co., Ltd. completed the issuance of USD 500 million bonds overseas through its overseas subsidiary, with a coupon rate of 2.30%.
DeHeng acted as the Chinese legal counsel for the underwriter and advised Jinan City Construction Group on completing the offering.
7. Huzhou City Investment & Development Group Co., Ltd.
In October 2021, Huzhou City Investment & Development Group Co., Ltd. completed the issuance of USD 200 million bonds overseas with a coupon rate of 2.95%.
DeHeng served as the PRC legal counsel for the issuer and advised the client on completing this offering.
For the above clients, the DeHeng team was led by partner Hou Zhiwei of the Beijing Office, with primary support from partner Zhang Yan, and Wang Jing, Wen Bin, Hu Xueyuan, Wang Yujia, Sun Yuehao, Xianyu Jiashan, Jiang Yue and Sha Fei.
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