DeHeng Assisted Qingtian County Urban Development Investment Co., Ltd. in Successfully Issuing FTZ Zone Bonds

2023-03-29

Qingtian County Urban Development Investment Co., Ltd. successfully issued RMB 500 million free trade zone bonds in the China (Shanghai) Pilot Free Trade Zone in March 2023 with a coupon rate of 3.8%. Bank of Hangzhou Lishui Branch provided the standby letter of credit for the offering. The issuance set the lowest coupon rate of bonds issued by a district/county issuer in the Free Trade Zone. 

The DeHeng team, with primary support of Hou Zhiwei, Huang Junfu, Zhang Yan, Li Wentao, Jin Songjin and Wang Zian, advised the underwriters on PRC law, and assisted the issuer with the completion of the offering.