DeHeng (Hong Kong) advised Sichuan Southwest Development Holding Group Co., Ltd. (四川西南发展控股集团有限公司) on its issuance of U.S.$63 million listed bonds with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Chengdu Co., Ltd. (成都银行)

2024-07-10

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on Sichuan Southwest Development Holding Group Co., Ltd. (四川西南发展控股集团有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) on its issuance of U.S.$63,000,000 6.0 per cent. credit enhanced bonds due 2027 with the benefit of an irrevocable Standby Letter of Credit issued by Bank of Chengdu Co., Ltd. (成都银行), and listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd. (the “MOX”). Listing of the bonds on the MOX will be commenced on 11 July 2024.

The Group is a primary local investment and development entity responsible for infrastructure construction in Deyang, Sichuan. Established in March 2012, the Group is designated to carry out major infrastructure construction projects within Deyang, Sichuan. Leveraging the development of Deyang in recent years, strong shareholder’s support and its diversified businesses, the Group has established itself as a leading state-owned company in Deyang and plays an important role in the development of Deyang.

Lily Liang, the partner of DeHeng Law Offices (Hong Kong) LLP, led the team including Jason Wong, Darryl Ting, Christina Yip, Connie Ip, Catherine Kwok, Dexter Yeung, Lilian Kwong, Vivian Li, Sophia Chan, Evelyn Fan, Linda Gao, Fairy Wang, Andy Kwok, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Sandy Liu, Gia Jia, Luna Zheng and Regina Li.