Dacheng Attoneys Advise Jidong Cement on Corporate Bond Issuance

On October 17, 2012, Tangshan Jidong Cement Co., Ltd. (“Jidong Cement”) completed the issuance of corporate bonds worth a total of RMB2.05bn for 2012. These included RMB800mln of five-year bonds at a coupon rate of 5.65%, RMB450mln of seven-year bonds at 5.90% and RMB800mln of ten-year bonds at 6.00%.
 
Ping An Securities Limited acted as lead underwriter for the bonds, and Dacheng as legal counsel for the issuer. The project was taken care of by attorneys Qiu Yuanliang, Wu Ding and Tian Xiajie.