DeHeng Advised Country Garden Real Estate Group
on Public Offering of Corporate Bonds
for Accredited Investors in 2020 (Phase I)
2020-04-07
On April 1, 2020, Country Garden Real Estate Group Co., Ltd. successfully made public offering of corporate bonds (Phase I) for accredited investors in 2020.
Country Garden Real Estate is the largest real estate business platform in the mainland owned by Country Garden Holding Co., Ltd. ("Country Garden", stock code: 2007.HK), a public company on Hong Kong Stock Exchange.Country Garden was established in the Cayman Islands in November 2006 and went public on the main board of Hong Kong Stock Exchange in April 2007.Most of its assets and real estate business are located in China, and it is one of the country's leading comprehensive real estate developers. This issuance amounted to RMB3.4-billion, with a term of 3+2 years，bond credit rating at AAA, the issuer's corporate credit rating at AAA, and a coupon rate of 4.20%. The fund raised will be mainly used to repay matured or redeem corporate bonds.
As the lawyer for the issuance, the DeHeng team led by partner Wang Suqin, with primary support from partners Xiong Ming and Xu Shuai, as well as Pan Qian, Chen Xiaoying and Tan Wenqian, worked closely and actively with the issuer, underwriters and other agencies and provided professional, comprehensive and high-quality legal services for the client.
