In August 2024, Nanyang Transportation Holding Group Co., Ltd. ("NTHG") issued RMB 1.288 billion sustainability-linked senior unsecured offshore bonds. In December 2024, NTHG issued the second tranche of RMB 760 million offshore bonds guaranteed by Henan Zhongyu Credit Promotion Co., Ltd. (the "Bonds"). Lianhe Green Development Co., Ltd. issued a second-party opinion on NTHG's financing framework for sustainable development. The Bonds were listed on the Chongwa (Macao) Financial Asset Exchange.
NTHG is a state-owned enterprise responsible for infrastructure construction and commercial trade. Located in Nanyang City, Henan Province, it is wholly owned by the Finance Bureau of Nanyang City and engages in infrastructure construction, commercial trade, toll business and logistics.
The JunHe team acted as international legal counsel to the underwriter and legal counsel to the trustee. As the international legal counsel to the underwriter, we drafted a full set of transaction documents for the bond issue, participated in the negotiation and amendment thereof, made closing arrangements, and advised on British and Hong Kong law related matters throughout the entire project. We also assisted the trustee in reviewing the transaction documents and issuing legal opinions. With its rigorous and efficient services and detail-oriented and professional expertise, JunHe’s team was recognized and trusted by the clients and the other intermediaries.
JunHe partners HE, Tingcai (Lawrence HO) and Chris Tang led the team acting as international legal counsel to the underwriter, and JunHe partner Lee, Alex Jao Jang led the team acting as legal counsel to the trustee.