Jiande State-owned Assets Management’s $40 Million Bonds Offering

DeHeng advised Jiande State-owned Assets Management on the deal.

Jiande State-owned Assets Management Co., Ltd. issued a three-year bond worth $40 million with a coupon rate of 2.3%, the lowest interest rate for urban-development bonds with cross-border keepwell issued by Zhejiang-based companies in the past three years. Jiande State-owned Assets Management Co., Ltd. provided the keepwell agreement, Hangzhou Branch of China Zheshang Bank provided the standby letter of credit (SBLC), and China Securities (International) acted as the exclusive placing agent for the issuance.

The DeHeng team was led by partner Huang Jianing (Picture) and lawyer Yu Wei and paralegal Ye Wenqian

Involved fees earner: Jianing Huang – DeHeng Law Offices; Wei Yu – DeHeng Law Offices;

Law Firms: DeHeng Law Offices;

Clients: Jiande State-owned Assets Management ;

Author: Sonia Carcano