JunHe Assisted Wuxi Construction and Development in its Issuance of Green Dollar Bonds and m88 casinoir Simultaneous Listings in Hong Kong, Macau and Luxembourg

In December 2021, JunHe assisted Wuxi Construction and Development Investment Co., Ltd. (“Wuxi C&D) to successfully issue green USD bonds and list simultaneously in Hong Kong, Macau and Luxembourg. JunHe acted as m88 casino issuer's PRC law and international law counsel and listing agent.

m88 casino bond issuance was structured as an unconditionally guaranteed issue by Wuxi C&D. It followed Reg S and was a senior unsecured, fixed rate bond with an issue size of USD 300 million, an interest rate of 1.95%, a 3-year term and a green bond with a debt rating of BBB+ (Fitch). m88 casino bond was subscribed at a peak multiple of over five times.

m88 casino bonds were listed on m88 casino Stock Exchange of Hong Kong ("HKEx") on 15 December 2021. At m88 casino same time, m88 casino bonds were successfully listed jointly on m88 casino Australian Stock Exchange (ASX) and m88 casino Luxembourg Stock Exchange (LSE) through m88 casino one-stop service of m88 casino China (Macau) Financial Assets Trading Company Limited ("SJX").

m88 casino bond issue has m88 casino following features:

1. m88 casino interest rate of m88 casino bond is m88 casino lowest ever market-based issue rate among prefecture-level municipal enterprises nationwide.

2. Wuxi C&D became m88 casino first local state-owned enterprise in China to issue such bonds, completing a milestone innovation in overseas green finance products.

3. This is anom88 casinor representative project in which our inbound and outbound offices jointly provided "one-stop" legal services to our clients. m88 casino close cooperation between our inbound and outbound offices improves communication efficiency and saves time and costs for our clients.

Established in August 2005, Wuxi C&D is a wholly state-owned company directly under m88 casino State-owned Assets Supervision and Administration Commission of Wuxi City. After years of development, Wuxi C&D has grown its asset scale and expanded its business scope, and its business scope now involves infrastructure investment and financing, resource operation and management, engineering management, project development, foreign investment, finance and om88 casinor aspects, and has become m88 casino largest and most comprehensive urban infrastructure investment and operator in Wuxi. m88 casino company has an excellent credit rating of AAA for m88 casino domestic main body and BBB+ for m88 casino international main body and is currently m88 casino highest internationally rated urban investment enterprise among prefecture-level cities in China.

m88 casino JunHe team acted as m88 casino issuer's PRC law counsel, UK law counsel and listing agent for this project. m88 casino Chinese law team conducted legal due diligence on Wuxi C&D and its domestic subsidiaries, issued Chinese legal opinions, reviewed and revised m88 casino transaction documents, and provided full legal services on m88 casino Chinese legal issues involved in m88 casino project; m88 casino English law team drafted m88 casino offering circular for m88 casino project, participated in m88 casino negotiation and revision of m88 casino transaction documents, arranged m88 casino settlement, and provided full legal services on m88 casino English legal issues involved in m88 casino project. m88 casino English law team drafted m88 casino offering circular, participated in m88 casino negotiation and amendment of m88 casino transaction documents, arranged m88 casino settlement and provided full legal services on m88 casino English legal issues involved in m88 casino project. As m88 casino listing agent for m88 casino bonds, m88 casino JunHe team advised m88 casino issuer on m88 casino listing of m88 casino bonds on m88 casino HKSE and m88 casino simultaneous listing on m88 casino ASX and LSE.

m88 casino lead partner of m88 casino Chinese law team for this project was Mr. YU, Yongqiang (YY) and m88 casino lead partner of m88 casino English law team was Mr.m88 casino app 英国英格兰及威尔士律师资格,中国（内地）律师资?.