Cases
Hylands assists in the successful issuance of Beijing Construction Engineering Group 2020 Jiande Directional ABN Phase II
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On December 2, 2020, the Beijing Construction Engineering Group 2020 Jiande Directional ABN Phase II was successfully issued. The asset-backed notes (ABN) adopted the mode of one-time registration and installment issuance. The total target raising scale of the issue was CNY 4 billion, and the target raising scale of senior notes was CNY 3999 million, accounting for 99.97%, while the target raising the scale of subordinated notes was CNY 1 million, accounting for 0.03%. China Securities and the Bank of China jointly acted as the lead underwriters of the notes, while Everbright Securities acted as the manager of the note issuance carrier. Golden Credit Rating gave the senior notes a AAA rating.
Beijing Construction Engineering Group, one of the world’s 250 largest international engineering contractors, listed in China’s top 500 enterprises, belongs to China’s top 10 engineering contractors, is a large enterprise group of cross-industry, cross-ownership, cross-region, and cross-national development. Beijing Construction Engineering Group adopts the business pattern of ‘two main businesses and multiple sectors’. The two main businesses refer to engineering construction, real estate development, and property management. The multiple sectors include energy conservation and environmental protection, industry and service industry, etc. The Group is committed to giving full play to the advantages of the whole industrial chain to become a comprehensive service provider for urban construction.
As the legal adviser of the ABN, Hylands Law Firm provided professional and efficient legal services through its partners and attorneys Qun XIAO and Jie LI. The services included the design of the new structure of the project, compliance and risk control consultancy, drafting of transaction documents, issuance of legal opinions, etc.