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JunHe Assists Chongqing Huayu in First Offshore USD Bond Issuance


On December 14, 2018, Huayu Group privately issued USD bonds at a rate of 4.00%, hitting a new low for issuing rate of offshore USD bonds for non-financial private enterprises.

Established in 1995, Huayu Group is a global diversified and comprehensive urban operation group.  It is honored with the China Well-known Trademark, China Construction Bank AAA Credit Enterprise, China Real Estate Credit Enterprise, China Real Estate Top 100 Enterprises, China Private Enterprises Top 500, China Service Industry Top 500 Enterprises, China Real Estate Brand Value TOP20 and China Property Management Enterprise Brand Value Top 50.  It owns the national Grade-1 real estate group qualification, Grade-1 building construction qualification, and Grade-1 property service qualification.

As the only domestic and overseas law firm for the project, JunHe’s domestic team and Hong Kong team acted as legal counsel for the PRC laws, and legal counsel for the UK laws respectively.  Among them, JunHe’s domestic team conducted basic legal due diligence on the Huayu Group and its domestic subsidiaries, issued PRC legal opinions on the project, reviewed and revised the transaction documents, and provided full legal services for the Chinese legal issues involved in the project.  The JunHe Hong Kong team drafted a full set of transaction documents for the project, participated in the negotiations and amendments of transaction documents, arranged closing, and provided full legal services for the UK legal issues involved in this project.

This project is another fine example of the “one-stop” legal services jointly provided by JunHe’s domestic and overseas offices.  Our close cooperation resulted in efficient communication, saving time and cost for the client, and as a result gained the client’s praise.

This project was led by Partners WAN, Jing (Joe), YU, Yongqiang (YY), Chris Tang and Stephen Wozencroft.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.