Cases
Hylands assists Hunan Construction Group Co. Ltd. to issue CNY 1 billion in Epidemic Prevention and Control Bonds
With the consent of the China Securities Regulatory Commission (ZJXK [2020] No.755), Hunan Construction Engineering Group Co. Ltd. successfully issued corporate bonds (Phase I) (Epidemic Prevention and Control Bonds) to professional investors in 2020. As the legal adviser, the Banking and Financial Business Team of Hylands Law Firm provided legal services throughout the successful issuance of the bonds.
The Bonds were the first registered corporate bonds in Hunan Province, with CITIC Securities Company Limited as the lead underwriter, with an issue size of CNY 1 billion and a maturity of 3 years. The rating of the issuer and the Bonds was AA+ and the coupon rate was 3.07%, which was the lowest interest rate in Hunan Province for corporate bonds with the same rating and maturity.
The legal team led by attorney Mei QIU, a partner of Hylands Law Firm, and composed of attorneys Mengqi SHI and Ao WANG, participated in all stages of the project and provided professional legal services such as general proposal demonstration, due diligence, compliance consultation, legal risk control, drafting and revising legal documents, issuing special legal opinions and bookkeeping witness legal opinions for the issue of the Bonds. Up to now, Hylands’ partner Mei QIU’s legal team has assisted Hunan Construction Engineering Group Co. Ltd. in successfully issuing various bonds and financing instruments of approximately CNY 6.5 billion.