DeHeng (Hong Kong) advised Dazhou Industry Development Co., Ltd. (達州市產業發展有限公司) on its issuance of U.S.$140 million Guaranteed Bonds Due 2027 Unconditionally and Irrevocably Guaranteed by Tianfu Bond Insurance Co.,Ltd

2024-08-16

DeHeng Law Offices (Hong Kong) LLP advised the managers and the trustee on the issuance of U.S.$140 million 7.0 per cent. guaranteed bonds due 2027 by Dazhou Industry Development Co., Ltd. (達州市產業發展有限公司) (the “Issuer”, together with its subsidiaries, the “Group”) guaranteed by Tianfu Bond Insurance Co.,Ltd (天府信用增進股份有限公司) (the “Guarantor”).

The Issuer is a state-owned enterprise directly controlled by Dazhou SASAC (達州市國有資產監督管理委員會) and was established in 2018 upon the approval of Dazhou Municipal Government. Since its establishment, the Group has been serving as one of the major infrastructure construction investment and financing and state-owned asset operation entities in Dazhou, the Group undertakes engineering construction, construction and management, operation and maintenance, leasing business, forest right property operation and scenic spot operation in Dazhou. By leveraging on the rapid economic development in Dazhou and Sichuan Province and its sound corporate governance structure, its experienced management team and diverse financing channels, the Group has maintained a leading position in infrastructure construction industry in Dazhou.

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, Alethea Chan, Evelyn Fan, Linda Gao, Fairy Wang, Andy Kwok, Catherine Hui, Pinky Lau, Faye Pang, Calvin Cheung, Geoffrey Tang, Matthew Mok, Gia Jia and Regina Li.