Dacheng Advises China Financial Services Holdings Ltd. on RMB300mln Secured Senior Bond Issuance

On March 6, 2015, Jinzijing Investment Holding Co., wholly-owned subsidiary of China Financial Services Holdings Ltd. (stock code:HK00605) successfully issued RMB800mln secured senior bonds at an annual interest rate of 6.5%, due in 2018 after getting approval from the Stock Exchange of Hong Kong Ltd.. China Financial Services Holdings Ltd. is a leading financial services provider for small- and medium-sized enterprises in China. It is listed on the Main Board of HKEx. 

A Dacheng team composed of Beijing-based attorneys Yan Fan, Hao Gaorong,Xu Lixian and Changsha-based Huang Chun’an acted as PRC legal counsel for the issuance.

China Financial Services Holdings Ltd. is a diversified financial services group devoted to providing small- and medium-sized enterprises in China with customized solutions. It is also the largest privately-owned, non-bank financial institution in North China. 

J.P. Morgan Securities (Asia Pacific) Limited acted as the exclusive lead manager for the issuance, China United SME Guarantee Corporation and China Financial Services Holding Ltd. provided unconditional and irrevocable guarantee.