PRESS RELEASE
30 May 2019

DeHeng Advises Yichang High-Tech Investment Development Co., Ltd. On Issuing 2019 USD Bonds

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DeHeng Law Offices

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DeHeng Law Offices logo
DeHeng Law Offices is one of the leading law firms providing comprehensive legal services. It was founded in 1993 as China Law Office and was renamed in 1995 as DeHeng Law Offices, reflecting the firm's evolution from an institution of the Ministry of Justice to rapid emergence as an independent, private law firm with 37 domestic and foreign branches and over 2,500 legal service professionals.
In April 2019, Yichang High-tech Investment Development Co., Ltd. (the "Yichang High-tech Investment Development") successfully issued US dollar bonds worth 150 million US dollars ...
China

In April 2019, Yichang High-tech Investment Development Co., Ltd. (the "Yichang High-tech Investment Development") successfully issued US dollar bonds worth 150 million US dollars with a maturity term of three years, a coupon rate of 7.50%, and a Fitch rating of BB+. This issuance followed the company's successful issuance of overseas US dollar bonds in 2018.

Established in August 2012, Yichang High-tech Investment Development is the largest infrastructure constructor of Yichang Hi-tech Zone, and plays an important role in promoting industrial upgrade of the industrial park, long-term economic development and urban prosperity of Yichang City. It has registered capital of 500 million yuan and its total assets exceed 23 billion yuan.

As the Chinese legal counsel for the issuance, the DeHeng team, led by Partner Hou Zhiwei from the Beijing office, with primary support from Partner Zhang Yan, attorney Hu Xueyuan, Yang Jingjing, Xianyu Jiashan, Sun Yuehao and Wang Zhi, provided professional, comprehensive and premium legal services for the client.

Contributor

DeHeng Law Offices logo
DeHeng Law Offices is one of the leading law firms providing comprehensive legal services. It was founded in 1993 as China Law Office and was renamed in 1995 as DeHeng Law Offices, reflecting the firm's evolution from an institution of the Ministry of Justice to rapid emergence as an independent, private law firm with 37 domestic and foreign branches and over 2,500 legal service professionals.

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