DeHeng Assisted Jinan Energy Group in Issuing USD 210 Million Offshore Bonds

2025-05-26

Jinan Energy Group Co., Ltd. issued USD 210 million of senior unsecured guaranteed green bonds through its offshore subsidiary, Guoneng Environmental Protection Investment Group Co., Ltd., in May 2025. The bonds have a term of 14 months and a coupon rate of 4.994%, setting a record for the lowest coupon rate of comparable dollar bonds issued by Chinese local state-owned enterprises since 2025.

As the P.R.C. legal advisor for the underwriters of this project, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Yang Youqi, and Jin Songjin, assisted Jinan Energy Group in completing this issuance.