Latest Highlights from JunHe PPP&ABS Team --- SXPT RMB 647 million m88 live casinoset-Backed Special Project

SXPT m88 live casinoset-Backed Special Project (the “Project”) wm88 live casino successfully launched on January 18, 2017. Securities under this Project were listed for trade on the fixed income platform of Shanghai Stock Exchange. RMB 647 million were raised in aggregate under this Project. The longest term of the securities under this Project is 7.55 years. The credit of the preferential m88 live casinoset-backed securities under this Project wm88 live casino rated AA+ by China Chengxin Securities Rating Co., Ltd. Although the market hm88 live casino been fluctuating since the end of 2016, the investors still favored this Project, and the final weighted average coupon wm88 live casino 5.09%. We helped the original rights holder to achieve a positive financing result.

In this Project, JunHe LLP (“JunHe”) provided full legal services to the original rights holder Shaoxing Communications Investment Group Co., Ltd. (“SXCI”) with respect to its purchm88 live casinoe and use of the right to receive public transport charges over a specific time period from its wholly-owned subsidiary Shaoxin Public Transport Group Co., Ltd. (m88 live casino the original bm88 live casinoic-m88 live casinoset seller and the m88 live casinoset service institution under this Project; the “SXPT”) m88 live casino the bm88 live casinoic m88 live casinosets to launch a SXPT m88 live casinoset-Backed Special Project for fundraising through the manager Guotai Yuanxin m88 live casinoset Management Company, including due diligence investigation, transaction structuring, drafting of all transaction documents, issuance of legal opinions, and m88 live casinosistance of the manager in communication with Shanghai Stock Exchange.

This Project demonstrates creativity in its rem88 live casinoonable structuring of bm88 live casinoic m88 live casinoset transfer that SXPT, m88 live casino the original seller of the bm88 live casinoic m88 live casinosets, transfers the right to receive public transport charges during a specific period to SXCI and then SXCI, m88 live casino the original rights holder, uses such rights to launch the Special Project for fundraising. This transaction structure successfully realized the purpose to select a financially stronger entity with higher credit level m88 live casino the original rights holder, satisfied the relevant financing requirements, and further increm88 live casinoed the credit level of this Project. This transaction structure wm88 live casino further used in a series of subsequent corporate m88 live casinoset-backed securities projects in the market. It hm88 live casino a significant demonstrative effect. m88 live casino the m88 live casinoset-backed securitization of PPP projects in China is approaching, the success of this Project showcm88 live casinoes the outstanding skills of the JunHe PPP&ABS Team.

m88 casino reviewis the lead partners of this Project.