Long An Shanghai advised Yiwu SOE on a major corporate bond issuance

Yiwu State-owned Capital Operation Co., Ltd. public issuance of corporate bond (phase I), represented by Shanghai Offices, was closed on September 20, 2017. The issuance scale of the current period is 5+25 billion yuan, which is divided into two types. The first type is five-year fixed interest bond, with an issuer option to adjust coupon rate at the end of the third year and an investor option to request to sell back. The second is a five-year fixed interest bond. The Bond Credit Rating is AA+, and the lead underwriter is China Securities Co.,Ltd.

The issuer is a wholly state-owned company established under the supervision of the State-owned Assets Supervision and Administration Committee of Yiwu Government and consider as a comprehensive state-owned asset operation unit with strong asset scale and profitability.

Yiwu State-owned Capital Operation Co., Ltd. was represented by Shanghai Offices, the legal team was composed of Senior Partner Qian, Wei, Partner Peng, Ying, Lawyer Zhou, Chen, and Shao, Xing.