DeHeng Advised Jiande State-owned Assets Management Co., Ltd.

on Issuing USD 40 Million Bonds Overseas 

2021-06-04

The overseas subsidiary of Jiande State-owned Assets Management Co., Ltd. recently issued a three-year bond worth USD 40 million with a coupon rate of 2.3%, the lowest interest rate for urban-development bonds with cross-border keepwell issued by Zhejiang-based companies in the past three years. Jiande State-owned Assets Management Co., Ltd. provided the keepwell agreement, Hangzhou Branch of China Zheshang Bank provided the standby letter of credit (SBLC), and China Securities (International) acted as the exclusive placing agent for the issuance.

As the domestic legal counsel for the issuance, the DeHeng team, led by partner Huang Jianing and with primary support from lawyer Yu Wei and paralegal Ye Wenqian, provided full-process comprehensive, professional, efficient and high-quality legal services, and worked closely with the issuer, placing agent and other institutions.