DeHeng (Hong Kong) advised Shangrao City Construction Investment Development Group Company Limited (上饶市城市建设投资开发集团有限公司) on its issuance of U.S.$30.0 million 6.50 per cent. credit enhanced bonds due 2026 with the benefit of an irrevocable standby letter of credit issued by Bank of Beijing Co., Ltd. Nanchang Branch (北京银行股份有限公司南昌分行).

2023-10-19

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on the issuance of U.S.$30,000,000 6.50 per cent. Credit Enhanced Bonds due 2026 with the benefit of an irrevocable standby letter of credit issued by Bank of Beijing Co., Ltd. Nanchang Branch (北京银行股份有限公司南昌分行) by Shangrao City Construction Investment Development Group Company Limited (上饶市城市建设投资开发集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”). Listing of the bonds on The Stock Exchange of Hong Kong Limited (Stock code: 5910) has commenced on 19 October 2023.

Since its establishment in 2002, the Issuer has played an essential and active role in implementing the Shangrao government’s major strategic initiatives for urban planning and municipal construction, and has received strong financial and operational support from the Shangrao government. The Group’s business primarily focuses on the production and trading of non-ferrous metal, the infrastructure and resettlement housing construction, and electricity generation businesses. Leveraging on the development of Shangrao City, strong government support and an experienced management and operational teams, the Group has been the primary financing, investment, asset management and capital operation platform of the Shangrao government, Jiangxi Province, China.

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, Liz Tang, Catherine Hui, Pinky Lau and Faye Pang.