DeHeng Assisted China Railway Construction in Issuing the Second Tranche of Scientific and Technological Innovation Perpetual Corporate Bonds of 2025

2025-05-15

On May 13, 2025, China Railway Construction Corporation Limited completed the issuance of the second tranche of scientific and technological innovation perpetual corporate bonds for professional investors for 2025. With CITIC Securities Co., Ltd. as the lead underwriter and bookrunner and an issuance scale of RMB 3 billion, this was the first scientific and technological innovation corporate bond issued by a central state-owned construction enterprise after the issuance of Document No.8.

The DeHeng team, led by partner Wang Yuwei from the Shanghai Office, with Wang Junzhe as the lead partner, and with primary support from lawyers Yan Yanpeng and Fan Ruiqi, provided professional, high-quality, and efficient legal services for this bond issuance.