Cases
Hylands Assists Zhangzhou Transportation Development Group in Issuing USD 175 Million of Overseas Bonds
On March 22, 2022, Zhangzhou Transportation Development Group (hereinafter referred to as the "Zhangzhou Transportation") successfully issued RMB 175 million overseas bonds with a coupon rate of 3.18% in Macao. Hylands Law Firm (hereinafter referred to as "Hylands") has served as legal advisor to Zhangzhou Transportation and provided legal services for the Project.
Zhangzhou Transportation is a state-owned holding enterprise, which was established as approved by the State-owned Assets Supervision and Administration Commission of Zhangzhou Municipal People's Government in May 2011, and was established on the basis of the integration of seven units affiliated to the transportation system of Zhangzhou, with share participation from the Fujian Provincial Department of Finance. The successful issuance of overseas bonds in Macao has fully reflected the recognition of the international capital market for the reputation of the credit, strength and industrial layout of the domestic market, and is also an important step for Zhangzhou Transportation to develop overseas financing channels, promote a three-dimensional diversified financing pattern and expand the international market.
The capital market segment is one of the most competitive core services of Hylands. As one of the initial law firms in China engaged in the capital market practices, Hylands has in-depth experience in providing comprehensive legal services to customers in complex and fluctuating capital market transactions. Over the past two decades, Hylands has cumulatively provided domestic and overseas capital market legal services to hundreds of companies, and completed a large number of complex and innovative domestic and overseas IPOs and listings, re-financings, bond issues and other projects, covering stock exchanges in Shanghai, Shenzhen, Hong Kong, Singapore, New York, Nasdaq, Toronto, etc.
The legal service team assigned by Hylands for the Project was led by Wenhao DONG, Partner and Lawyer of Hylands, and the legal service team consisting of Mengyao WU, Han LI, Siqing Luo, etc. participated in all stages of the Project and provided professional legal services for the overseas bond issuance.