Recently, Grandall Beijing Office provided full-process legal services for Beijing Dongcheng District State-owned Capital Operation Co., Ltd. (“Dongcheng State-owned Company” or the “Company”) on its non-public offering of corporate bonds (1st session) to professional investors. The issuance scale is RMB 1.7 billion with a term of 5 years, a coupon rate of 2.10%, and the principal credit rating as AAA., marking the lowest coupon rate in the history for the same type of corporate bonds at the same term issued by enterprises affiliated to districts of Beijing.
Grandall Beijing Office has been retained as the legal advisor of the issuance with partner CHEN Hongda and lawyer CHEN Yuanning as key lawyers serving the project.