A Ningbo-based team led by senior partners Wei Jie and Jiang Hongming advised Ningbo Meishan Island Development & Investment Co., Ltd. on the public offering of no more than RMB800mln corporate bonds. The company received an official approval for the bond issuance (No. (2015)233) from the National Development and Reform Commission (“NDRC”) on February 5, 2015 and completed the issuance on March 20.
The issuance was guided by “Corporate Bond Review Handbook” released by NDRC in December 2013, in which higher requirements were set for attorneys regarding the carefulness and strictness of due diligence.
Ningbo Meishan Island Development & Investment Co., Ltd. is primarily engaged in land plot development, infrastructure construction and community facility construction in the bonded port area of Meishan Island.
RMB800mln seven-year fixed-rate bonds at a coupon rate of 6.27% were issued. Caitong Securities Co., Ltd. acted as lead underwriter, Union Power Certified Public Accountants LLP acted as auditor and Dacheng as legal counsel for the issuer. The attorneys’ expertise and diligence were highly commended by the client.
Beijing Dacheng Law Offices, LLP ("大成") is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons' Preferred Law Firm in China, with offices in more than 50 locations throughout China. Dentons Group (a Swiss Verein) ("Dentons") is a separate international law firm with members and affiliates in more than 160 locations around the world, including Hong Kong SAR, China. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.
