Hylands Advised Hunan Construction Engineering Group on Public Issue of 1 billion-yuan Bonds for Epidemic Prevention and Control

Hunan Construction Engineering Group publicly issued corporate bonds (first tranche) (bonds for epidemic prevention and control) (hereinafter “this bond”) to professional investors in 2020 a few days ago with the approval of the ZJXK [2020] No. 755 document issued by China Securities Regulatory Commission. The banking and financial business team of Hylands Law Firm provided legal services for the successful issuance of this bond as the legal counsel.

This bond is the first registered corporate bond in Hunan Province. With CITIC Securities as the lead underwriter, this bond has an issue scale of 1 billion yuan, with a bond maturity period of 3 years. The rating of the issuer and bond is AA+, with a coupon rate of 3.07%, which is the record low for corporate bonds with the same rating and maturity period in Hunan Province.

Lawyer Qiu Mei, a partner of Hylands Law Firm, led a team of lawyers including Shi Mengqi and Wang Ao to provide professional legal services for the issue of this bond throughout, covering the demonstration of overall program, due diligence, compliance consulting, legal risk control, drafting and revision of legal instruments, the issuance of special legal opinions and witness legal opinions on bookkeeping issuance. To date, the team led by lawyer Qiu Mei assisted Hunan Construction Engineering Group in issuing various bonds and financing instruments worth about 6.5 billion yuan.

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