DeHeng Advised HFI on Issuing USD 260 Million Bonds on HKEX

2020-07-14

In July 2020, HFI International (HK) Limited, an overseas subsidiary of Hangzhou Financial Investment Group Co., Ltd. (HFI), issued offshore bonds of USD 260 million with the term to maturity of five years on the Hong Kong Stock Exchange. The coupon rate was 3.2%, the lowest for corporate bonds with the same rating, the same term and of the same type. The issuance was over-subscribed by seven times.

As the issuer's Chinese legal counsel, the DeHeng team was led by partner Huang Jianing, with primary support from lawyer Xu Meiqian and paralegal Yu Wei. They worked closely with the issuer, underwriters, overseas lawyers and other parties involved and provided comprehensive, professional, efficient and high-quality legal services for the issuance, receiving high praises from the client.