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ZhongYin Advised Beitou Group on Issuance of High-quality Corporate Bonds

2020.05.13  

Author: Zhong Yin Law Firm   

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Recently, Guangxi Beibu Gulf Investment Group Co., Ltd. (“Beitou Group”) has successfully issued its first tranche of high-quality corporate bonds to raise 4 billion yuan, with a term of 3+2 years and a coupon rate of 3.44%. This issuance of bonds is the largest single issuance of corporate bonds in term of amount to be raised in China since 2020, and the largest single issuance of corporate bonds with lowest coupon rate in Guangxi since 2017. The team led by Chen Qingli, Director of ZhongYin (Nanning), advised the client on the project.

Beitou Group is a large wholly state-owned conglomerate directly under the administration of the People's Government of Guangxi Zhuang Autonomous Region. It mainly engages in five major businesses: investment in and construction and operation of transportation infrastructure; investment in industry city; trade and logistics; investment in and operation of water works and environmental protection facilities; and finance. It is committed to becoming a full-industry-chain comprehensive-service-provider for infrastructure industry based in the Beibu Gulf Economic Zone, connecting with ASEAN, and facing the whole world. The funds raised through this issuance will be mainly used to replace high-cost debts and replenish working capital, facilitating the group company to resume work and production across the board and implement a batch of major infrastructure construction projects.

Chen Qingli's team has extensive experience in practicing in securities and capital markets, banking and finance, investment and M&A, general corporate affairs, tax and wealth planning, real estate, construction engineering and infrastructure, and other areas, is capable of providing the clients with efficient and high-quality legal services, and has been recognized by clients with high-quality services.


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