Dentons Hong Kong advised as underwriters international counsel on Dujiangyan Smart City Operation and Construction Development Group Co., Ltd.’s successful issue of CNY420,000,000 6.8% guaranteed bonds due 2027, which were unconditionally and irrevocably guaranteed by a third-party professional guarantee service provider, Chengdu-Chongqing Bond Insurance Co., Ltd.. The bonds are listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd.. The joint lead managers of this issue include Sinolink Securities (HK), Hung Sing Securities Limited, China International Capital Corporation, Shenwan Hongyuan (H.K.), Carnegie Hill Capital Partners Limited, Cathay Securities (HK), CCB International, Central International Securities, China Galaxy International, China Industrial Securities International, CMB International, CNCB Capital, CNI Securities Group Limited, Donghai International, Founder Securities (Hong Kong), Hong Kong Main Fund Securities Limited, Pearl International Securities Limited, Sigma Capital and Tung Yat Securities Limited.
Dujiangyan Smart City Operation and Construction Development Group Co., Ltd. has its business operations primarily conducted in Dujiangyan City, Sichuan Province and the group’s business consists of three major segments, namely, engineering construction, real estate development, and urban operation and other businesses. The guarantor, Chengdu-Chongqing Bond Insurance Co., Ltd., is a state-owned guarantee platform in the PRC principally engaged in credit enhancement business and self-funded investment business.
The Dentons Hong Kong team, which advised on English law and Hong Kong law in this offering, was led by capital market partner Charles Yim, along with associates Ningxin Sun, Kelvin Wong, Tracy Lei, Alex Kwong, legal assistants Man Fung Yeung and Alison Chan.
