Dentons advises Yongchuan Huitong on issuing 2019 corporate bonds to qualified investors through private placements

Chongqing Yongchuan Huitong Construction and Development Co., Ltd. ("Yongchuan Huitong") has raised RMB 472 million with a coupon rate of 6.00% (the Bonds) from qualified investors through private placements in the Shanghai Stock Exchange. 

Underwritten by Shenwan Hongyuan Securities, the Bonds mature in five years, although option is available for the issuer to adjust coupon rate and investors' put option at the end of the third year. The Bonds are issued through offline inquiries and placement to qualified investors who are aware of and able to take relevant risks, and comply with the requirements stipulated in the "Administrative Measures for Securities Issuance and Underwriting".

A Dentons team from our Changsha office, consisting of partners Huang Chun'an and Ning Huabo, and paralegals Zhang Ting and Chen Xiaoru, worked closely with the other intermediaries for this issuance. They provided high-quality and full-scope legal assistance on the review, approval and successful issuance of the Bonds.