Dacheng Advises Hubei Suizhou City Investment Group on Corporate Bond Issue

On December 18, 2013, with the approval of the National Development and Reform Commission (“NDRC”), Hubei Suizhou City Investment Group Co., Ltd. issued the first batch of corporate bonds for 2013. Dacheng’s Wuhan-based senior partner Zhou Qunce and attorney Guo Huilin acted as legal counsel for the issuer.
 
The NDRC ratified on October 10 2013 the company’s plan to issue seven-year-term bonds capped at RMB1.5bn and required that all funds be directed at indemnificatory housing projects in the urban area of Suizhou, local inland river renovation and environmental improvement along the riverbanks. The bonds, subject to multi-tranche offering, raised RMB300mln in the first offering.
 
Huatai United Securities and China Securities acted as joint lead underwriter for the bonds, while Dacheng attorneys provided comprehensive legal counsel and issued legal opinions.