DeHeng Advised Tianjie Group on Its Initial Offering of RMB 2.5 Billion MTN

2023-11-03

In October 2023, Beijing Tianjie Group Co., Ltd. issued the first tranche of medium-term note (MTN) of 2023 in the interbank market of China, with a scale of RMB2.5 billion and a coupon rate of 3.10%. This was the first debt financing instrument issued by Tianjie Group in the interbank market, and also the first public bond offering by a state-owned enterprise in Dongcheng District, Beijing. 

As the issuer’s legal counsel, the DeHeng team, with primary support from partners Hou Zhiwei and Zhang Yan, lawyer Liu Xiaorui and paralegal Wang Hetong, provided a full range of legal services for the offering.