On February 26 2013, Guangxi Non-ferrous Metals Group, Ltd. successfully issued the first round of RMB 500mln private placement notes (“13 桂有色 PPN001”, PPN code: 031390044) with a maturity of 3 years and at a coupon rate of 5.70%.
China Everbright Bank and China Development Bank acted jointly as the lead underwriters for the PPNs. Dacheng provided all-round legal service for the issuer. The project team was led by Nanning-based attorneys Yuan Gongzhang and Yang Xin.
Guangxi Non-ferrous Metals Group Ltd. is a large-scale SOE funded solely by the government of Guangxi Zhuang Autonomous Region. Its scope of business encompasses state-own assets management, mineral resources exploitation, mining, dressing, smelting, downstream processing, technological research, industrial production as well as trade. The group is granted mining rights to 21 resource-rich mines, including Tongkeng tin ore, Gaofeng tin ore and Fozichong lead-zinc ore. It has China’s second largest deposit of tin and the world’s largest deposit of indium. Meanwhile, it is also China’s second most capable producer and processor of tin and the world’s most capable smelter of raw indium.
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.
