Recently, JunHe acted as the international counsel and listing agent of Hebei Shunde Investment Group Co. Ltd. (“Shunde Group”) in the issuance of offshore US dollar bonds. The issuance scale was USD 75 million with an interest rate of 2.0% for a term of three years. The bonds were listed simultaneously on the Stock Exchange of Hong Kong Limited (“HKSE”) and the China (Macao) Financial Assets Exchange Limited (“MOX”). JunHe acted as the issuer’s international counsel and listing agent and assisted Shunde Group in completing the offshore issuance of US dollar bonds and listing them in Hong Kong and Macau and Singapore.
Shunde Group is an urban construction company authorized by the People’s Government of Xingtai. It is responsible for the investment, financing, construction and operation of urban infrastructure construction projects. The company is a regional leader in urban infrastructure construction, water and heat supply and other public utility industries.
JunHe acted as the international legal counsel of the issuer and provided full services to the client in respect to the issuance structure, the issuance circulars, the transaction documents and other relevant matters. JunHe also acted as the issuer’s listing agent for HKSE and MOX and represented them during communications with HKSE and MOX in respect to the listing arrangements. JunHe cooperated with the issuer in successfully completing the simultaneous listings on the two stock exchanges.
The lead partner of this project was Mr. Chris Tang.