Dacheng Advises Langfang Development Zone Construction and Development Co., Ltd. on 2014 Corporate Bond Issue

On March 7 2014, Langfang Development Zone Construction and Development Co., Ltd. completed the issuance of 2014 corporate bonds. A Dacheng team led by partner Wu Ding provided comprehensive legal counsel for the issuer.

Langfang Development Zone Construction and Development Co., Ltd. is a state-owned corporation established by the Management Committee of Langfang Economic and Technological Development Zone.

The seven-year-term fixed-rate bonds (at 7.9%) were offered at a scale of RMB1,000,000,000. Huarong Securities Company Limited acted as lead underwriter for the bonds, Pan-China Certified Public Accountants (Special General Partnership) as auditor and Dacheng as legal advisor for the issuer.

The task was undertaken by attorneys Wu Ding, Liu Ruiqi and Xu Yanwei, whose expertise and diligence was highly commended by local government agencies and the client.