DeHeng Assisted Shandong Binda Industrial Group Co., Ltd. in Its Yen-Bond Issuance

2023-09-08

Shandong Binda Industrial Group Co., Ltd. successfully issued 7.1 billion yen bonds overseas in September 2023 with a coupon rate of 2.30% and the letter of credit enhancement from Qilu Bank. This was the first offshore bond issued by Binda, and the largest single yen bond issuance by a local state-owned enterprise in Shandong Province.

As the PRC legal counsel for the underwriters, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Hu Xueyuan, Zhang Hong and Wang Haoyu, assisted the issuer in completing the offering.