On October 28, 2019,Jiangsu Zhongguancun Science Park Holding Group Co., Ltd. ("the Group") issued three-year bonds worth of USD300-million with a coupon rate at 6.5% via its overseas subsidiary. CMBC Capital Holdings Limited, ShenwanHongyuan Hong Kong, BOSC International and Donghai Securities acted as the joint global coordinators, joint book runners and joint lead managers; the other joint book runners and joint lead managers (collectively known as the underwriters) included Guoyuan International, Industrial Bank Hong Kong Branch, Central Wealth Securities Investment Limited and Silkroad International (Hong Kong) Investment Consultants Company Limited.
Founded in May 2013, the Group is a key state-owned enterprise directly under the Management Committee of Jiangsu Zhongguancun Science Park. Under the leadership of Municipal Party Committee and Municipal Government of Changzhou and Liyang, as well as the Management Committee of the Party Working Committee of Jiangsu Zhongguancun Science Park, it has deeply engaged in local development by providing comprehensive services for urban and rural development, industry-city integration, clustering of high-end industries, and improvement of people's daily life over the years. The Group has been committed to supporting the development of the real economy and fulfilling its social responsibilities since day one, and is evolving into a large SOE group focusing on construction & development, investment & quasi-finance, asset operation and industrial operation.
As the Chinese legal counselor for the underwriters, the DeHeng team was headed by partner Huang Jianing, with primary support fromassociates Xu Meiqian, Zhang Yi and paralegal Yu Wei. They worked closely with the issuer, underwriters and overseas lawyers to provide comprehensive, professional, efficient and premium legal services for the issuance.