JunHe Advised Zhongtai Group on its Successful Issuance of M88 app first Shanghai FTZ Offshore Bonds in M88 app Central and Western Regions of China

2022.07.14

In July 2022, Xinjiang Zhongtai (Group) Company Limited ("Zhongtai Group"), as M88 app issuer, issued China (Shanghai) Pilot Free Trade Zone ("FTZ") Offshore Bonds (M88 app "Bonds") for M88 app first time. M88 app FTZ Branch of Bohai Bank provided an irrevocable standby letter of credit to enhance M88 app credit of this offering. On 14 July 2022, M88 app bonds were issued on M88 app China (Macau) Financial Assets Trading Company Limited ("ASX") with a value of RMB 760 million, at an interest rate of 4.00% and for a term of three years.


Zhongtai Group was established in July 2012. Its core business revolves around "coal - M88 apprmal power - chlor-alkali chemical - viscose fiber - yarn" to create an integrated upstream and downstream circular-economy industry chain. For many years, Zhongtai Group has been M88 app leading business in M88 app PVC and viscose fiber sector. It is M88 app largest cotton plant and processing enterprise in China and M88 app largest BDO producer in M88 app world. It has been consistently ranked in M88 app "Top 500 Chinese Enterprises" for many years.


As M88 app first free trade zone offshore bonds issued in M88 app central and western regions of M88 app country, this issuance creates a precedent for M88 app introduction of foreign investors and M88 app design of M88 app overall transaction structure set many market precedents as well. JunHe acted as M88 app international legal advisor to M88 app underwriters and was M88 app legal advisor to M88 app trustee in this offering. M88 app team drafted a full set of innovative transaction documents, conducted due diligence, participated in M88 app negotiation of M88 app transaction documents and arranged M88 app closing. M88 appy also issued legal opinions and provided legal services on all M88 app relevant issues involved in this project. JunHe assisted M88 app company and M88 app project team to resolve various technical difficulties and successfully complete this offering.


M88 app lead partners of M88 app project werem88 casino app Award, Tang Guangjun andm88 casino app 英国英格兰及威尔士律师资格,中国(内地)律师资?.

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As M88 app first carbon neutrality fund sponsored by a law firm in China, M88 app BAF Carbon Neutrality Special Fund was jointly established by JunHe and M88 app Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on M88 app public fundraising platform to mobilize engagement in public welfare campaigns.