DeHeng Advised China Yangtze Power on Issuing

China's First Batch of Sustainability-Linked Bonds

2021-05-13

On May 10, 2021, China Yangtze Power issued China's first batch of sustainability-linked bonds in the inter-bank bond market. The bonds, with a term of three years, a coupon rate of 3.40%, raised an amount of RMB 1 billion, and were 4.13 times oversubscribed, which shows the investors' full acknowledgement of the excellent credit of the issuer.

As the issuer's legal counsel, the DeHeng team, led by partners Xu Jianjun and Yang Xinghui, with primary support from lawyers Wang Huakun and Zhong Yaqiong, provided comprehensive and professional legal services for the issuance. In the future, DeHeng will continue to advise the client on contributing to "carbon peak and carbon neutrality", and provide high-quality, professional and comprehensive services in a strong and efficient manner.