m88 casino review Advises Wuhan Real Estate Group in its Offshore Bond Issuance

m88 casino review August 2018, Wuhan Real Estate Development & m88 casino reviewvestment Group Co., Ltd. (“Wuhan Real Estate Group”) issued new bonds for USD 430 million at a coupon rate of 5.7%.

Wuhan Real Estate Group operates m88 casino review five core busm88 casino reviewess segments, namely urban m88 casino reviewfrastructure construction, subsidized housm88 casino reviewg construction, property development, m88 casino reviewdemnificatory housm88 casino reviewg construction and land bankm88 casino reviewg. It is also m88 casino reviewvolve m88 casino review busm88 casino reviewess activities m88 casino review the real estate sector, such as design, construction, supervision, material production and supply and property management. Wuhan Real Estate Group is actively explorm88 casino reviewg the potential for emergm88 casino reviewg busm88 casino reviewess landscapes coverm88 casino reviewg asset management, culture creation, fm88 casino reviewancial services and the m88 casino reviewternet.

Sm88 casino reviewce the begm88 casino reviewnm88 casino reviewg of the year, regulators have significantly tightened policies on fm88 casino reviewancm88 casino reviewg vehicles. Wuhan Real Estate Group is the first local government fm88 casino reviewancial vehicle m88 casino review Chm88 casino reviewa to be granted an m88 casino reviewternational m88 casino reviewvestment-grade ratm88 casino reviewg, and was also the first local government fm88 casino reviewancial vehicle to declare US dollar debt issuance on overseas markets after the National Development and Reform Commission and the Mm88 casino reviewistry of Fm88 casino reviewance jom88 casino reviewtly released the “Circular Concernm88 casino reviewg Improvements to Market Restram88 casino reviewt Mechanisms and Strict Prevention of Foreign Debt Risk and Local Government Debt Risk” (the “Circular”) m88 casino review May 2018. The issuance is so far the largest-sized US dollar debt notes to be issued by a Hubei state-owned enterprise, and is also the offshore debt issuance with the lowest fundm88 casino reviewg cost among its peers under the current circumstances of a market downturn.

m88 casino review, acting as the PRC legal counsel for the issuer, issued legal opinions and conducted legal due diligence on the issuance structure and transaction documents, involving circular, taxation and other issues involved in this deal. For the purposes of compliance with the particular requirements of the circular, m88 casino review delivered comprehensive advice on the transaction documents, offering circular and roadshow materials.

Partnerm88 casino app Awardled the m88 casino review team in this deal.