Rizhao Harbor Group. Ltd Successfully Issued Off-shore RMB-denominated Bonds
Rizhao Harbor Group. Ltd Successfully Issued Off-shore RMB-denominated Bonds
On May 15, 2014, Rizhao Harbor Group. Ltd (Rizhao Group) successfully issued off-shore RMB-denominated bonds. The bonds were issued with a principal amount of RMB 850,000,000. As the issuer's China legal counsel in this project, Mr. Ding Xu, Ms. A Zhen and Ms. Shi Lin provided legal report by operating due diligence on eight enterprises including Rizhao Group.
Rizhao Group was the first enterprise in Shandong which issued off-shore RMB-denominated bonds by increasing bank credit. The issuing had 45 accounts participated and over RMB 1.7 billion booking amount, representing a milestone of Chinese company in the international bonds market and the capital market’s acknowledge on Chinese company’s credit and business condition. In addition, DHH security and capital market lawyers collaborated closely and served client by professional and efficient legal service, obtaining high praise from client and other intermediary agencies.