Dacheng Advises Dezhou Deda Urban Investment and Operation Co., Ltd. on Corporate Bond Issue
On June 10, 2014, the Department of Fiscal and Financial Affairs of National Development and Reform Commission gave approval to Dezhou Deda Urban Investment and Operation Co., Ltd. for 2014 corporate bond issue.
The company issued no more than RMB1.8bn in bonds to support the construction of houses for low-income families clustering along the high-speed railway of Dezhou, Shandong province. China Investment Securities Corporation acted as lead underwriter for the bonds, while China National Investment & Guaranty Co., Ltd. provided full-amount, unconditional and irrevocable joint liability guarantee for the company.
A team led by attorney Wang Botao from Dacheng’s Jinan office provided all-round legal service for the issuer, whom the team had served in 2010 and 2012 for combined RMB1.7bn worth of bond issues. The team also included associates Guo Yongqiang and Lu Siyu.
The company issued no more than RMB1.8bn in bonds to support the construction of houses for low-income families clustering along the high-speed railway of Dezhou, Shandong province. China Investment Securities Corporation acted as lead underwriter for the bonds, while China National Investment & Guaranty Co., Ltd. provided full-amount, unconditional and irrevocable joint liability guarantee for the company.
A team led by attorney Wang Botao from Dacheng’s Jinan office provided all-round legal service for the issuer, whom the team had served in 2010 and 2012 for combined RMB1.7bn worth of bond issues. The team also included associates Guo Yongqiang and Lu Siyu.