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JunHe Assists Huainan Construction Development Holdings in its issuance of Overseas USD Bonds


Recently, JunHe served as the international legal counsel of Huainan Construction Development Holdings (Group) Co., Ltd. (hereinafter referred to as "Huainan construction and development group") assisting in its successful issuance of overseas US dollar bonds.

The bonds directly issued by the Huainan construction and development group adopted the structure of an irrevocable standby letter of credit guarantee provided by Huishang Bank. The total issuance scale of the bonds was US $300 million, with an interest rate of 2.80% and a maturity of three-years. This issuance has the largest recorded scale, the lowest interest rate and the highest subscription multiple of overseas bonds of municipal state-owned enterprises in Anhui Province in 2021.

Huainan construction and development group was established in 2015 and is the largest infrastructure construction entity in Huainan City, Anhui Province. Its main business is construction including infrastructure construction, demolition housing construction and land development, which are mainly concentrated in Huainan City, Anhui Province.

JunHe acted as the UK legal counsel of the issuer and assisted in the issuance structure, information disclosure, the design of the transaction documents and the clearing and settlement.

This project was led by Partners Mr. Chris Tang,

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.