Dentons advises Yango Group on issuing dollar bonds

Recently, a Dentons team consisted of Senior Partners Wang Hanqi and Qi Wei, Partner Fan Jianhong, and associates Xu Lixian and Ma Ning, acted the Chinese legal advisor for the issuer Yango Group Co., Ltd. (Yango) in relation to Yango's issuance of US$ 250 million dollar-denominated bonds with an interest rate of 9.5% in April 2019.

The team provided bilingual (English and Chinese) legal services for this issuance. Their work mainly included participating in the design of bond issuance structure, carrying out legal due diligence on the domestic entity and its affiliates and subsidiaries, reviewing overseas prospectus and transaction documents, and issuing an attorney's legal opinion under Chinese law.

Prior to this, Dentons lawyers have advised Yango on several projects of overseas bond issuance, including HK$ 1.9375 billion 5.8% bond in December 2018, and US$ 120 million 12% bond in January 2019. The bond issuance in recent years has broadened the financing channels of Yango, further improved the company's debt structure, and promoted its stable and sustainable development.