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JunHe Assisted Several Enterprises to issue Shanghai FTZ Bonds

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.

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.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.