DeHeng Advised Shaoxing Shangyu Hangzhou Bay Economic Development Zone Holding Group on Issuing RMB 1.425 Billion FTZ Bonds

2023-01-16

On January 13, 2023, Shaoxing Shangyu Hangzhou Bay Economic Development Zone Holding Group Co., Ltd. offered RMB 1.425 billion senior unsecured free-trade-zone bonds at ChongWa (Macao) Financial Asset Exchange, with a period of three years and a coupon rate of 4.95%. This offering was the largest one of senior unsecured FTZ bonds at the district/county level in China.

As the issuer's PRC legal counsel, the DeHeng team, led by Beijing Office partners Hou Zhiwei and Zhang Yan, and with primary support from lawyers Hu Xueyuan, Yang Youqi and Li Wentao, advised the client on completing the offering.