DeHeng Assisted Haitong Unitrust International Financial Leasing Co., Ltd. in Issuing China’s First MSME-Support Corporate Bond in the Financial Leasing Industry

2024-08-19

Recently, Haitong Unitrust International Financial Leasing Co., Ltd. successfully issued the country’s first corporate bond aimed at supporting micro-, small- and medium-sized enterprises (MSMEs) in the leasing industry on the Shanghai Stock Exchange. The first tranche of the 2024 bond issuance targeted professional institutional investors, with an issuance size of RMB 500 million, a term of five years, and a coupon rate of 2.28%. The bond was oversubscribed, achieving a 3.04 times subscription ratio.

As legal counsel for this issuance, the DeHeng team, led by partner Zhao Zhidong, with primary support from lawyers Xu Lin and Sun Xinyi, conducted legal due diligence, issued the legal opinions, and worked closely and actively with the issuer and other intermediary agencies while providing comprehensive, professional, efficient, and high-quality legal services for the offering.