DeHeng (Hong Kong) advised the joint lead managers and the trustee on the issuance by Shandong Binda Industrial Group Co., Ltd. (山东滨达实业集团有限公司) of JPY7.1 billion credit enhanced bonds backed by an irrevocable standby letter of credit issued by Qilu Bank Co., Ltd

2023-09-11

DeHeng Law Offices (Hong Kong) LLP advised the joint lead managers and the trustee on the issuance by Shandong Binda Industrial Group Co., Ltd. (山东滨达实业集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) of JPY7,100,000,000 2.3 per cent. credit enhanced bonds due 2026 backed by an irrevocable Standby Letter of Credit issued by Qilu Bank Co., Ltd. 

Since its establishment in 2019, the Group has been a major platform in Binzhou City providing municipal and trading services including, among others, public utilities, trading and product sales, engineering and construction and property and equipment leasing. The Group also engages in land development, pawn and financing business, agency service and property service, as well as other businesses, and thus has developed a well-diversified business portfolio. With strong support from the local government and after fast business growth, the Group has established a strong presence in Binzhou City and played an important role in upgrading the infrastructure and accelerating the urban development of Binzhou City.

Lily Liang, the partner of DeHeng Law Offices (Hong Kong) LLP, led the team including Jason Wong, Vanessa Lai, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Evelyn Fan, Fairy Wang, Dexter Yeung, Lilian Kwong, Jeff Wang, Andy Kwok, Sherry Zhang, Neil Wang, Liz Tang, Catherine Hui, Pinky Lau and Faye Pang.