On November 13, 2018, Luoyin Financial Leasing Co., Ltd. ("Luoyin Leasing") successfully issued its first series of financial bonds "18 Louyin Leasing Bond" on the interbank bond market. The fixed rates bonds have a maturity of three years, and the credit rating of both the issuer and the bond is AA+. The issuing size was RMB 1.7 billion. The bond was publicly issued through bookkeeping and centralized placement, and it gained high recognition of the market, being oversubscribed 2.34 times. The coupon rate of the bond is 4.6%, which is the lowest comparing with other financial bonds issued by financial leasing companies of the same class in 2018.

Luoyin Leasing was established by Luoyan Bank in December 2014. With a registered capital of RMB 1.6 billion, it is the third financial leasing company initiated by an urban commercial bank and also the first financial leasing company in Henan Province. Its establishment has filled the gap in Henan financial leasing industry. The successful issuance of its first financial bonds also signified that the company has become the third urban commercial bank backed financial leasing company in China to successfully issue financial bonds. The funds raised will be mainly used to supplement the company's medium and long-term funds, optimize the structure of assets and liabilities, and alleviate the maturity mismatches of assets and liabilities.

The company was advised by a team led by Dentons Shanghai senior partner Li Yingying, with assistance from associates Chen Junru and Chen Jian. They assisted the client in conducting legal due diligence, drafting and revising transaction documents, and issuing an attorney's opinion letter, so as to ensure the legal compliance of this issuance.