ZhongYin Assists with Successful Issuance of CNPIC 2020 Corporate Bond (Tranche 1)
Author： Zhong Yin Law Firm
On September 21, 2020, with the assistance of the team led by Li Zheng (the director and a senior partner of ZhongYin Law Firm) as legal counsel, the CNPIC 2020 Corporate Bond (Tranche 1) (the “Corporate Bond”) was successfully issued. Li Zheng and Ma Yingkai advised on the issuance of the Corporate Bond with professional services.
The issuer of the Corporate Bond is China National Pharmaceutical Investment Co., Ltd. (the “CNPIC”). This tranche is the first one, which is issued to raise RMB600 million, with a coupon rate of 3.7%, a term of 2+1 years, and a credit rating of AAA/AAA.
In this project, the team of ZhongYin verified the qualifications of the issuer, conducted the comprehensive due diligence on the authenticity, legality, and integrity of this issuance of the Corporate Bond, and issued legal opinions thereon, which were adopted after one submission without feedback for modification. With professional and efficient service, the team of ZhongYin facilitated the successful issuance of the Corporate Bond and was highly praised by the client and other partners.
－Secretary of Party Committee