DeHeng Advised Several Companies on Overseas Bond Issuance

2022-08-16

Shaoxing Keqiao District Construction Group Co., Ltd. 

In August 2022, Shaoxing Keqiao District Construction Group Co., Ltd. issued a free-trade-zone bond with the scale of RMB 1 billion in China (Shanghai) Pilot Free-Trade Zone, with the coupon rate of 4.35%.

Recently, given the difference between the benchmark interest rates at home and abroad, offshore bonds in the free trade zone have been sought after by many issuers. The was also the first offshore bond issued by Keqiao District Construction Group. DeHeng served as the PRC legal counsel for the issuer and advised it on completing this offering. 

Jinan Hi-Tech Holding Group Co., Ltd. 

in August 2022, Jinan Hi-tech Holding Group Co., Ltd. issued a bond overseas, with the scale of USD 300 million and a coupon rate of 5.50%.

DeHeng once again served as the PRC legal counsel for the issuer and advised it on completing this offering. 

For the above deals, the DeHeng team was led by partner Hou Zhiwei, with primary support from partners Zhang Yan and Wang Jing, as well as Hu Xueyuan, Liu Di, Yang Youqi and Wang Hetong.