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Tahota Helped Xinjiang Hualing Group with Its Private Offering of a USD 200 million Debt with a Tenure of 3 years

Release: 2018-7-3From: TAHOTAViews: 175

   Recently, Xinjiang Hualing Industry & Trade (Group) Co., Ltd. issued a private placement of a Reg S and nonrated USD 200 million senior unsecured debt XJHLGM 8.5 06/25/21 in Hong Kong with a tenure of 3 years, a dividend yield ratio of 8.5% and an offering price at 100. Tensant Securities Limited acted as the Sole Global Coordinator, bookrunner and lead manager, Linklaters acted as Hong Kong legal adviser of and Tahota worked as PRC legal adviser.

    Lawyer Yang Pengfei, a partner of Tahota Law Firm, lawyer Yang Yue from the international business department and their team accepted the entrustment to work as PRC legal advisers for this issuance, undertaking tasks, according to China's relevant laws and regulations and USD private placement bond issuance practice, such as conducting legal due diligence of Hualing Group, checking the compliance of transaction documents from the point view of Chinese laws, participating in discussion and conference calls among intermediary institutions, confirming issuance filing with National Development and Reform Committee and Administration of Exchange Control, and issuing legal opinions under the framework of Chinese laws. Tahota’s role in Hualing Group’s USD private placement bond issuance further enriched its experience in issuing different types of overseas bonds and consolidated the leading position of USD bonds in the central and western regions.