Rudong Jinxin Issues US$150 Million Credit Enhanced Bonds

Shanghai and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that it has represented the joint lead managers – including AMC Wanhai Securities Limited, Haitong International Securities Company Limited, Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, China Galaxy International Securities (Hong Kong) Co., Limited, CMBC Securities Company Limited, Industrial Bank Co., Ltd. Hong Kong Branch and Guoyuan Capital (Hong Kong) Limited – in the issuance of US$150 million 2.8% credit enhanced bonds due 2024 by Rudong County Jinxin Transportation Engineering Construction Investment Co., Ltd. (“Rudong Jinxin”).

Located in China’s Jiangsu province, Rudong Jinxin is a state-owned enterprise which focuses on investment in, financing and construction of urban infrastructure projects and land transfer subsequent to consolidation and development in Rudong County in Nantong City.

With one of the most active Securities and Capital Markets practices in Asia, Paul Hastings has advised on numerous debt issuance transactions recently, including China Everbright’s US$300 million senior perpetual capital securities, Contemporary Ruiding Development’s US$1.5 billion bond offering, Yuzhou Group’s US$300 million green senior notes issuance and Shanghai Electric Group’s US$300 million guaranteed bonds issuance.  

The Paul Hastings team was led by Jia Yan, co-chair of the firm’s mainland China offices, and corporate partner James Ma, with support from associates Jeff Lee and Andy Tam, and China associate Yanqiu Liu.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.