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JunHe Assisted State-owned Enterprises in Issuing Offshore Bonds

2020.08.01

The global impact of Covid-19 pandemic is still uncertain. JunHe has recently assisted several state-owned enterprises in successfully completing offshore bonds issuance by selecting a favorable time window for the issuance, making a joint effort with the clients in fighting against impact of the Covid-19 pandemic.


Yinchuan Tonglian Capital Investment Operation Co, Ltd.


Yinchuan Tonglian Capital Investment Operation Co, Ltd. successfully completed its offshore 0.3 billion 3-year USD senior unsecured bonds issuance in July and June of 2020.


After the issuer’s USD bonds issuance in 2017 (which is also the first offshore bond issuance by an enterprise in Ningxia), JunHe again acted as the issuer’s legal counsel in this project. The leading partner is Mr. YU, Yongqiang (YY). The acting partner is Ms. TENG, Xiaoyan (Tina).


Sichuan Neijiang Investment Holding Group Co., Ltd.


Sichuan Neijiang Investment Holding Group Co., Ltd. successfully issued USD bonds overseas by way of a standby letter of credit from a bank.


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partner is Mr. YU, Yongqiang (YY).


Zhengzhou Xinggang Investment Co., Ltd.


Zhengzhou Xinggang Investment Co., Ltd. issued 0.3billion USD bonds in June 2020, which created the lowest interest rate ever among the offshore USD bonds issued by enterprises in Henan. 


JunHe acted as the Chinese legal counsel of the issuer in this project. The leading partner is Mr. YU, Yongqiang (YY). The acting partner is Ms. LEI, Tianxiao.


Guangdong Hengjian Investment Holding Co., Ltd.


In June 2020, Guangdong Hengjian Investment Holding Co., Ltd. successfully issued 0.5 billion USD bonds overseas through its overseas subsidiaries. 


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partners are Mr. YU, Yongqiang (YY) and Mr. ZHANG, Ping


Honghe Development Group Co., Ltd.


Honghe Development Group Co., Ltd. successfully issued USD bonds overseas in May 2020, which is the first successful issuance of USD bonds in Yunnan Province. 


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partner is Mr. YU, Yongqiang (YY).


Taizhou New Binjiang Development Co.,Ltd.


Taizhou New Binjiang Development Co.,Ltd. successfully issued USD bonds through its overseas subsidiary in April 2020.

 

JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partner is Mr. YU, Yongqiang (YY).


Taizhou New Binjiang Development Co.,Ltd.


Taizhou New Binjiang Development Co.,Ltd. successfully issued USD bonds through its overseas subsidiary in April, 2020.


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partner is Mr. YU, Yongqiang (YY).


Huzhou Jingkai Investment Development Group Co., Ltd.


Huzhou Jingkai Investment Development Group Co., Ltd. successfully issued 0.2billion 3-year USD bonds overseas in March 2020. Under the adverse market condition due to the US stock circuit breaker, this bond has created the lowest interest rate among the offshore bonds issued by similar local state-owned enterprises that are domestic entities rated AA + in China (without international rating). 


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partner is Mr. YU, Yongqiang (YY). The acting partner is Ms. TENG, Xiaoyan (Tina).


Bengbu Gaoxin Investment Group Co., Ltd.


Bengbu Gaoxin Investment Group Co., Ltd. successfully issued 02.billion USD bonds overseas by way of standby letters of credit from a bank in February 2020. This is the first bonds issuance on national high-tech zone platform in Anhui Province, and also the first USD offshore bonds issued overseas by an enterprise in Benghu. 


JunHe acted as the Chinese legal counsel of the underwriter in this project. The leading partners are Mr. YU, Yongqiang (YY) and Mr. ZHANG, Ping

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.