PRESS RELEASE
16 December 2019

DeHeng Advised Shandong Shipping International Development Co., Ltd. On Issuing Overseas USD Bonds

DO
DeHeng Law Offices

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.
In October 2019, Shandong Shipping Corporation ("SDSC") issued USD200 million three-year bonds via its overseas subsidiary Shandong Shipping International Development Co., Ltd.
China

In October 2019, Shandong Shipping Corporation ("SDSC") issued USD200 million three-year bonds via its overseas subsidiary Shandong Shipping International Development Co., Ltd. (the Issuer), with the coupon rate of 5.90%. SDSC provided guarantee for the issuance. BOC International and Industrial Bank Co., Ltd. Hong Kong Branch served as the Global Coordinators, Joint Bookrunners and Joint Lead Managers.

SDSC is a large state-owned enterprise initiated by Shandong Marine Group Ltd., its controlling shareholder, with the approval of Shandong Provincial People's Government. Adhering to the core values of "inclusiveness, responsibility, self-motivation and perseverance", SDSC has built a reliable brand in the industry based on its outstanding services, leading management and unremitting pursuit of innovation. It offers high-quality logistics solutions for clients worldwide to meet the trade demand arising amid economic globalization. Specialized in the marine transportation of minerals, grains, energy, chemicals, and break-bulk cargoes, it operates routes connecting major ports in the world and owns a country-leading scale of dry bulk cargo fleet. In particular, it runs the world's largest 400,000-ton ore ship and has funded the building of the world's first 250,000-ton ore ship. Besides it has assembled China's largest liquefied petroleum gas fleet which also ranks among the top in the world. This was its third overseas bond issuance.

As the Chinese legal counselor for the Issuer, the DeHeng team was headed by lawyer Hou Zhiwei, partner of the Beijing Office, with primary support from Zhang Yan, Hu Xueyuan, Yang Jingjing, Xianyu Jiashan, Sun Yuehao and Wang Zhi. They worked closely with the Issuer, underwriters and overseas lawyers to provide comprehensive, professional, efficient and premium legal services for the issuance.

PRESS RELEASE
16 December 2019

DeHeng Advised Shandong Shipping International Development Co., Ltd. On Issuing Overseas USD Bonds

China

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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