Dacheng Assists AVIC International Leasing Co., Ltd in Issuing Medium-term Notes, Short-term Financing Bonds and Private Oriented Debt Financing Instruments

Recently, Dacheng’s Shanghai Office helped AVIC International Leasing Co., Ltd (hereinafter referred to as “AVIC Leasing”) widened the multi-element financing channels and advised on issuing successfully “Medium-term Notes - I (2015) of AVIC Leasing”, “Short-term Financing Bonds - I (2015) of AVIC Leasing” and “Private Oriented Debt Financing Instruments - I~IV (2015) of AVIC Leasing”. As principal counsels, our Senior Partners Wu Jingjing, Wang Hanqi, partner Fan Jianhong and the team members Yao Cheng, Wang Kai, Liu Chang and Wang Songyan in Dacheng Shanghai Office provided the through legal service for the issuance of the foregoing medium-term notes, short-term financing bonds, PPN and were recognized and praised unanimously by the issuers and other participating agencies.
 
AVIC International Leasing Co., Ltd under Aviation Industry Corporation of China is one of the first capital financing lease enterprises of China as approved by Ministry of Commerce and State Administration of Taxation in China as well as the only professional leasing company invested by central enterprises and with the background of aviation industry, at present in China. It is mainly engaged in financing lease and operating lease of civil aircrafts, ships, electromechanical and transport equipment.

For the issuance, Dacheng provided the full-course legal service, including project due diligence, legal consulting for issuing plan, and compilation of legal opinion. During the process of due diligence, in accordance with the requirements of the Company Law, the Administrative Measures for Debt Financing Instruments of Non-financial Enterprises in Inter-bank Bonds Market and other laws, regulations and normative document, Dacheng conducted comprehensive examination over the major assets, major credits and debts and other major matters of the issuer in connection with the issuance and comprehensively sorted out the restricted assets of the issuer at home and abroad. In addition, as the channel of communication between all the agencies (including the audit institution and underwriter) and the issuer, in issuing, Wu Jingjing, Wang Hanqi and Fan Jianhong also coordinated with all the parties in exchange, negotiation, revision and review and verification of the issuing document to assure the efficient communication between parties and promote the successful implementation of the project.

By now, AVIC Leasing’s Medium-term Notes - I (2015), Short-term Financing Bonds - I (2015), Private Oriented Debt Financing Instruments - I (2015), and Private Oriented Debt Financing Instruments - II (2015) have already obtained the Notice of Acceptance for Registration from National Association of Financial Market Institutional Investors, respectively, and have been issued successfully. The total issue amount for Medium-term Notes - I (2015) is RMB 800 million, RMB 1.2 billion for Short-term Financing Bonds - I (2015) and RMB 2.5 billion for Private Oriented Debt Financing Instruments - I~IV (2015).