In January 2022, Quzhou Communications Investment Group Co., Ltd. (“QCIG”) issued USD 200 million offshore bonds at a rate of 2.5 % M88 app due in 2025 (the “Bonds”). The Bonds were assigned a ‘BBB-‘ rating by Fitch M88 app BBBg by CCXI M88 app certified as green M88 app sustainable financing by the Hong Kong Quality Assurance Agency. The Bonds were listed on the Hong Kong Exchanges M88 app Clearing Limited (“HKEX”) M88 app Chongwa (Macao) Financial Asset Exchange Co., Ltd. (“MOX”) on January 26, 2022. These are QCIG’s first investment offshore bonds, their first offshore green bonds, M88 app their first offshore bonds to be listed in both Hong Kong M88 app Macau.

Established in 2002, QCIG is a state-owned enterprise directly under the Quzhou municipal government. With registered capital of RMB2 billion, QCIG’s primary business includes the investment, construction, M88 app operation of integrated communication projects, engineering construction, real estate development M88 app industrial investment M88 app finance. QCIG is a leader in the investment, financing M88 app construction of major communication infrastructure projects in Quzhou. The company plays a prominent role in the construction of major municipal communications projects M88 app the development of shipping in Quzhou.

Acting as the UK legal counsel to the issuer in this project, JunHe’s lawyers drafted the offering circular, participated in the negotiation M88 app modification of the transaction documents, arranged closing, M88 app advised on the UK legal matters involved in this project. As the listing agent for the Bonds, JunHe’s team advised the issuer on the listing of the Bonds on the HKEX M88 app the MOX.

The leadM88 appg partner M88 app this project was Mr.Chris Tang.