DeHeng Assisted China South Industries Assets Management Co., Ltd. in Issuing Its First RMB 400 Million Corporate Bond for Technological Innovation

2024-03-25

In March 2024, China South Industries Assets Management Co., Ltd. successfully issued its inaugural corporate bond for technological innovation, with an issuance size of RMB 400 million, a term of three years, and a coupon rate of 2.70%. All the raised funds will be used to swap previous investments in the form of funds and equity contributions in the field of technological innovation. The successful issuance of this corporate bond marks the company’s new breakthrough in bond issuance varieties.

In December 2022, DeHeng assisted the company in successfully registering a corporate bond quota of RMB 2 billion in the exchange bond market. This issuance is the first tranche within that registered quota, reflecting the capital market’s high recognition of the company’s comprehensive strength and development prospects.

As the legal counsel for the issuer, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Wang Jing, Yang Youqi, and Wang Hetong, assisted the client in successfully completing this issuance.