DeHeng Advised on the Listing of China Railway Capital – China Tiegong Investment & Construction Group Debt Financing Scheme (Installment 1)

2021-06-25

On June 24, 2021, China Railway Capital – China Tiegong Investment & Construction Group Debt Financing Scheme (Installment 1) was listed on Beijing Financial Assets Exchange. The issuance scale was RMB 523 million, with a term of three years and a priority coupon rate of 4%. The underlying assets are the creditor's rights of accounts receivable of the member units of China Railway Group Limited (known as CREC).

As the legal counsel, the DeHeng team was composed of partners Huang Huazhen and Qi Xin, lawyers Wang Guibin and Li Xiaoyi and paralegals Yu Bing, Huang Zhenghua and Huang Xuanyuan. They provided professional legal services, including the transaction structure design, underlying asset verification and legal text drafting, and advised on the listing of the first debt financing scheme of CREC on Beijing Financial Assets Exchange.