DeHeng Advised CASC on Non-Public Issuance of Exchangeable Corporate Bonds

2023-09-06

Recently China Aerospace Science and Technology Corporation (CASC) obtained the Letter on No Objection to the Listing and Transfer of Non-public Issuance of Exchangeable Corporate Bonds by China Aerospace Science and Technology Corporation Limited (SSE Letter [2023] No. 2496) from the Shanghai Stock Exchange, and was approved to issue exchangeable corporate bonds with an amount of no more than RMB 6.1 billion to professional investors. The underlying stock of the bonds is the A-share stock (601698.SH) of China Satellite Communications Co., Ltd., with China International Capital Corporation Limited as the lead underwriter.

As the legal counsel for the issuance, the DeHeng team, led by partners Li Hua and Qin Linan of its Beijing Office, with primary support of lawyer Dong Yu, worked closely with the issuer and other intermediaries, and provided professional, comprehensive and high-quality legal services for the issuance, including conducting legal due diligence, issuing legal opinions, drafting and reviewing legal documents, etc., to ensure the compliance of the issuance.