2023.01.31
JunHe recently assisted Shanghai Jinmao Investment Management Group Co., Ltd. (“Shanghai Jinmao”) in its issuance of three-year RMB 2.05 billion Shanghai free trade zone (FTZ) bonds, with a coupon rate of 4%. The bonds were listed and traded on the Macau Financial Asset Exchange. This was the first central enterprise real estate FTZ bond issuance, and the largest single FTZ issuance by a non-financial enterprise. This issuance promotes national policies supporting the development of high-quality real estate enterprises and boosts the healthy development of the real estate market.
Established in 2007, Shanghai Jinmao is the sole wholly owned domestic platform of China Jinmao Holdings Group Limited (“China Jinmao”). It is a leading real estate developer and a large high-end residential and commercial real estate project operator. China Jinmao is the operation platform of Sinochem Holdings Corporation Ltd. China Jinmao was listed on the Main Board of the Hong Kong Stock Exchange in 2007 (stock code: HK.00817). The company has a vision of "Unleashing the Future Vitality of the City" and a commitment to premium quality. China Jinmao has focused on the operational model of "Two Driven Forces and Two Upgrades" and a strategy of "Two-Wheel and Two-Wing Driven" with quality as its core, and aims to be a leading city operator in China.
As the PRC counsel in this project, JunHe conducted legal due diligence and issued legal opinions, assisted the issuer in the internal and external approval procedures, and assisted in reviewing the transaction documents based on PRC laws. JunHe’s meticulous and dedicated service attitude won the recognition and trust of the issuer and the other intermediaries.
In recent years, JunHe has participated in a large number of representative FTZ bonds as both domestic and foreign legal counsel.
This project was led by partner YU, Yongqiang (YY) with support from partner HUANG, Wei for the internal review.
