DeHeng Assisted Guangzhou Municipal Construction Group Co., Ltd. in the 2025 Private Placement of Corporate Bonds (Including Scientific and Technological Innovation Corporate Bonds)

2025-05-29

On April 1, 2025, Guangzhou Municipal Construction Group Co., Ltd. priced the first tranche of corporate bonds for the year 2025 (bond abbreviation: 25 Guangzhou Construction 01), with a coupon rate as low as 2.28%, 10 BP lower than the comparable valuation of credit bonds of the same maturity term, and 82 BP lower than the one-year LPR. Subsequently, on April 23, 2025, the company priced scientific and technological innovation corporate bonds (bond abbreviation: 25 Guangzhou Construction K1), with a coupon rate as low as 2.20%, the issuance of which aligns with the national plan on financial support for scientific and technological innovation.

As the legal advisor for this bond, the DeHeng team, with primary support from partner Liang Yi, lawyer Deng Chunmei, and paralegal Chen Lin of the Guangzhou Office, worked closely with the issuer and other intermediary institutions and provided professional, comprehensive, and high-quality legal services for the bond issuance.