Tahota Succeeded in Helping Zhejiang Huzhou Taihu Group co., LTD. Issue Dollar Bonds Overseas
2017-03-31 Views:2439Related tags
Lawyer Wu Ye, a Tahota partner fromShanghai office, and his team, as the lawyers within the territory for the issuingdollar bonds overseas project sales agent of Zhejiang Huzhou Taihu Group co.,LTD. (hereinafter referred to as "Taihu Group"), assisted TaihuInternational Investment co., LTD., a foreign subsidiary of Taihu Group, issue secured bonds with a value of 150million dollars in Hong Kong stock exchange recently. The bonds were successfullylisted with a permission to deal on Mar. 31, 2017.
Tahota Shanghai office, as the legalcounsel within the territory for the sales agent of this project, providedcomprehensive legal services for this bond issue, including conducting legaldue diligence for Chinese companies, checking overseas issuance circularletters and transaction documents, and offering Chinese lawyers’ legal opinions.
As the largest government investment andfinancing platform in Huzhou Economic and Technological Development Zone, TaihuGroup is mainly devoted to urban infrastructure construction and development aswell as affordable housing construction.
Thisbond issue involves 150 million dollars with an interest rate of 5.75% and willfall due in 2020. The placing agent of this bond issue is CLSA Asia-PacificMarkets. In addition, Haitong works as the exclusive global coordinator, theexclusive book runner and the exclusive leader manager.