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Zhong Lun Advises Shanghai Dragon (Group) Corporation on Issuance of RMB500 Million Short-Term Bond
Zhong Lun Advises Shanghai Dragon (Group) Corporation on Issuance of RMB500 Million Short-Term Bond
On November 24, 2010, Shanghai Dragon (Group) Corporation (SH.600630, the “Shanghai Dragon") successfully issued a first phase short-term bond (Abbr.: 10沪龙头CP01, the “Bond") within the total approved outstanding balance of RMB500 million as registered in the National Inter-bank bond Market. The Bond is a 365-day bond with the issuance amount of RMB200 million and interest rate at 4.65% p.a.
Zhong Lun was engaged to act as legal counsel of the issuer. Partner Ge Yongbin led the legal service team which also comprised Fu Qiang, Dong Jianping and Lou Jun.
Bank of Shanghai was the underwriter and bookrunner of the Bond. Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. was the credit rating institution.
Shanghai Dragon is among the first publicly listed companies with business scope focused on urban fashionable dress & home textile and foreign trade. Shanghai Dragon owns a series of brands which are well known in domestic market, such as “Threegun" and “Mum" knitting underwear, “Conch" shirt and suit, “Minguang" and “Happiness" bedding, “Bell 414", and “Queen" towel, “Phoenix" blanket.
