DeHeng Assisted Dongxing Securities in USD 350 Million Offshore Bond Issuance

2024-08-05

On August 1, 2024, Dongxing Securities Co., Ltd., through its offshore subsidiary Dongxing Voyage Company Limited, successfully issued USD 350 million in 3-year fixed-rate senior unsecured guaranteed bonds. The bonds, with a coupon rate of 5.3%, marked the lowest rate for same-rating, same-maturity-period USD bonds since 2023. This issuance marked Dongxing Securities’ return to the international capital market after a five-year hiatus and was well-received by investors.

As the PRC legal advisor to Dongxing Securities, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Hu Xueyuan, Yang Youqi, and Jin Songjin, assisted the client in the successful completion of the issuance.