2022.11.21
JunHe recently assisted several enterprises in their issuances of Shanghai FTZ bonds.
1.Chenzhou Industrial Investment Group
In November 2022, Chenzhou Industrial Investment Group Co., Ltd. ( “CZIIG”) issued RMB 550 m three-year offshore free trade zone (FTZ) bonds with a coupon rate of 4.5%. The Bank of Changsha provided an irrevocable stand-by letter of credit (ILOC). Hunan Province adopted anadditional stand-by letter of credit for the first time for this bond issuance.
JunHe was the international legal advisor of the underwriter and its trustor in this Project and assisted CZIIG to successfully issue the bonds. The leading partners for this project were
Chris Tang and Lee, Alex Jao Jang.
2.Yiyang Heshan District Development Group
In November 2022, Yiyang Heshan District Development Group Co., Ltd. (“Heshan Development Group”) issued RMB 529 m three-year offshore FTZ bonds with a coupon rate of 4.9%. The Bank of Huarong Xiangjiang provided an irrevocable stand-by letter of credit, and the bonds were listed on the Chongwa (Macao) Financial Asset Exchange (MOX).
JunHe was the international legal advisor of Heshan Development Group in this Project and assisted the company to successfully issue the bonds. The leading partner for this project was Chris Tang .
3.Huzhou Moganshan High-tech Group
In November 2022, Huzhou Moganshan High-tech Group issued RMB 375 m three-year offshore FTZ bonds with a coupon rate of 4.48%, which were listed on the MOX.
JunHe was the international legal advisor of the underwriter in this Project and assisted Moganshan High-Tech Group to successfully issue the bonds. The leading partner for this project was SHI, Libin.
