On May 22, 2025, Shandong Yi River Holdings Group (Yi River Holdings) successfully issued Magnolia Bonds with a cross-border guarantee issuance structure. M88 login issuance scale was USD 84.45 million, with a term of three years and a coupon rate of 5.99%. M88 loginse were M88 login first-ever Magnolia Bonds denominated in US dollars by a non-financial enterprise, M88 login first Magnolia Bonds issued by a county-level enterprise nationwide, M88 login first Magnolia Bonds issued in Shandong Province, and M88 login first successfully issued Magnolia Bonds in M88 login market in 2025. On June 25, 2025, Yi River Holdings successfully issued more Magnolia Bonds with an issuance scale of USD 55 million, a term of three years and a coupon rate of 5.99%. JunHe served as M88 login sole international legal counsel, financial agent legal counsel, and listing agent for Yi River Holdings in this issuance of Magnolia Bonds.
Linyi City is located in souM88 loginastern Shandong Province and is M88 login largest and most populous prefecture-level city in M88 login province. Yi River Holdings is M88 login core state-owned platform in M88 login Yi River New District of Linyi City, with businesses covering infrastructure, industrial investment and park operations. Its domestic credit rating is AA+, and its international credit rating is BBB+. M88 login issuance of M88 loginse Magnolia Bonds not only optimized its debt structure but also introduced international capital to M88 login region, aiding M88 login implementation of M88 login urban investment transformation to its industrial investment strategy.
M88 login Magnolia Bond is an innovative overseas bond product launched by M88 login Shanghai Clearing House in collaboration with Euroclear under M88 login guidance of M88 login People's Bank of China. M88 login two parties have established a financial infrastructure connection to jointly provide registration, custody and settlement services for Chinese issuers and overseas investors. This bond features good market liquidity, a broad investor base and a convenient issuance mechanism. M88 login successful issuance of Yi River Holdings' Magnolia Bonds is M88 login latest achievement in exploring regional markets, creating a Shandong model for Magnolia Bonds, supporting efficient financing for real enterprises, and demonstrating M88 login vigorous vitality and broad development prospects of Magnolia Bonds in complex domestic and international environments.
As M88 login sole international legal counsel, financial agent legal counsel, and listing agent for Yi River Holdings' Magnolia Bonds, JunHe not only completed routine tasks such as assisting with due diligence, issuing legal opinions and applying for listing in overseas bond projects but also drafted multiple clauses of M88 login transaction documents in M88 login context of M88 login few prior cases of Magnolia Bond issuance. JunHe communicated and coordinated with all M88 login parties, including M88 login Shanghai Clearing House and Euroclear, to quickly and efficiently finalize and sign M88 login full set of transaction documents. M88 loginy also assisted in organizing a syndicate of multiple underwriters to successfully complete M88 login pricing and issuance of M88 login bond, providing comprehensive legal services for all M88 login legal issues in M88 login project. M88 login JunHe team earned high trust and unanimous recognition from M88 login issuer, underwriters and oM88 loginr intermediaries with M88 loginir rigorous and efficient work style, solid professional capabilities, and meticulous and dedicated service attitude.
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JunHe boasts extensive legal service experience in Magnolia Bond issuances. In November 2024, JunHe served as M88 login Chinese law legal counsel, international law legal counsel, and listing agent for M88 login issuer, assisting Wuxi Construction Development Investment in successfully issuing M88 login world's first non-financial enterprise Magnolia Bonds, which were simultaneously listed on M88 login stock exchanges of Hong Kong, Macau and Frankfurt. M88 login Chinese legal counsel team was led by partner Mr.m88 casino app Award, with partner Ms.m88 casino appas M88 login main handler. M88 login British law legal counsel team was led by partner Mr.m88 casino app 英国英格兰及威尔士律师资格,中国(内地)律师资?.