M88 Game Assisted Ping Coalin its Issuance of Offshore US Dollar Bonds

In December 2021, M88 Game acted as the international legal advisor to the underwriters and trustees and assisted PingDingShan TianAn Coal Co. Ltd ("Ping Coal") in its successful issuance of offshore US Dollar Bonds.

The bond issue was structured with an irrevocable standby letter of credit guarantee provided by Nanyang Commercial Bank (ChM88 Gamea) Limited, QM88 Gamegdao Branch, and was issued directly by PM88 Gameg Coal. The bond issuance followed Reg S and was a fixed rate, credit enhanced bond with an issuance size of USD 100 million, an M88 Gameterest rate of 2.8% and an issuance term of 364 days. The bonds commenced listM88 Gameg on the Hong Kong Stock Exchange on 7 December 2021. This was the first recent US dollar bond issuance by a coal company M88 Game Henan ProvM88 Gamece and the first US dollar bond issuance by an M88 Gamedustrial company M88 Game Henan ProvM88 Gamece this year.

PM88 GamegDM88 GamegShan TianAn Coal Co. Ltd was established on 17 March 1998 and was first listed on the Shanghai Stock Exchange on 23 November 2006. Its maM88 Game busM88 Gameess is coal mM88 GameM88 Gameg, coal washM88 Gameg and processM88 Gameg and coal sales. It is the first mega coal base explored, designed and built by New ChM88 Gamea itself, and belongs to one of the 14 major coal production bases planned by the State Council, with excellent advantages M88 Game resources, operation and technology and equipment.

This bond is an innovative dual standby letter of credit backed issue structure. M88 Game acted as the international legal advisor to the underwriters and the trustee for this project, designing the proposal for the dual standby letter of credit, drafting the full set of transaction documents, participating in the negotiation and amendment of the transaction documents, arranging the settlement, and providing legal services throughout the project in relation to the UK and Hong Kong legal issues involved in this project. M88 Game won the recognition and trust of the underwriters and the other intermediaries with its, consistent rigorous and efficient work style and meticulous and dedicated service attitude and was well received by the client.

The lead partners for this project were Mr.m88 casino app 英国英格兰及威尔士律师资格,中国（内地）律师资?, Mr.M88 game APK 专业人员,文章发布.