Dentons advises Xi'an Lintong District Urban Investment on corporate bonds issuance

On October 8, 2018, Xi'an Lintong District Urban Investment Group Co., Ltd. (Lintong Urban Investment) successfully gained an approval letter from the National Development and Reform Commission (NDRC Corporate Bond [2018] No. 141) for its application of issuing RMB 800 million 7-year Corporate Bonds. The company was advised by a Dentons Xi'an-based team, consisting of senior partner Chen Jie, associate Zhang Yindi, and paralegal Zhang Lijuan. China Development Bank Securities served as the lead underwriter, Xigema Certified Public Accountants (Special Ordinary Partnership) provided audit services, and Pengyuan Credit Rating Co., Ltd. was the credit rating agency. Chongqing Sanxia Financing Guarantee Group Co., Ltd. provided an unconditional, irrevocable and joint guarantee for the full amount of the principal and interest of the bonds.

Founded on April 6, 2004, Lintong Urban Investment is a leading enterprise in the field of infrastructure construction in Lingtong District, Xi'an City. It maintains a dominant position in urban infrastructure construction, public utility investment, construction and operation in Lintong District. With the strong support of the district government, the company has a relatively strong competitive advantages in related fields of this region. Businesses such as urban infrastructure construction, natural gas and LNG supply, and urban heating and water supply, provided a steady cash flow and an ideal profit base for the company. With the acceleration of the urbanization process in Lintong District, Lintong Urban Investment's competitive advantages will continue to be strengthened in this region.