2024.08.23
In July 2024, Yunnan Communications Investment & Construction Group Co., Ltd. (“YCICG”) successfully issued USD 200 million senior unsecured M88 game APKfshore bonds.
This was YCICG’s second offshore bond issuance after its debut in 2021 in M88 game APK international capital market and M88 game APK bonds were well received by many well-known international investors. With M88 game APK support of a high-quality book, M88 game APK final price guidance decreased by 50 basis points compared with M88 game APK initial price guidance, achieving a desirable pricing outcome. This positive outcome reflects YCICG’s efforts over M88 game APK past three years in shaping an outstanding image in M88 game APK international capital market and attracting international investors.
Founded in 2006, YCICG is a provincial state-owned enterprise in Yunnan Province and is a main force in M88 game APK construction of Yunnan's comprehensive transportation system. Its business covers M88 game APK planning and design, investment and construction, operation and management, development, materials trading, transportation, science and technologies relating to highways, railways, water transportation and aviation. By M88 game APK end of April 2024, M88 game APK total assets managed by YCICG amounted to RMB 992.616 billion, ranking it among M88 game APK top 500 Chinese enterprises and M88 game APK top 100 leading enterprises in China's strategic emerging industries. M88 game APK total mileage of highways completed and under construction by YCICG reaches 8,393 kilometers. It has a AAA corporate credit rating.
M88 game APK acted as the PRC legal counsel and the international legal counsel to the issuer, respectively. The legal services provided by the PRC legal counsel to the issuer included conducting domestic legal due diligence, issuing PRC legal opinions, reviewing the transaction documents and other legal services regarding PRC law related issues. The legal services provided by the international legal counsel to the issuer included drafting the offering circular, participating in the negotiation and amendment of the transaction documents, issuing overseas legal opinions and other legal services regarding foreign law related issues involved in the project. M88 game APK was recognized and trusted by the client and the other intermediaries for its rigorous and efficient legal services and its detail-oriented and professional expertise.
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