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Zhong Lun Advises Blue Sky Urban Construction Investment Development Co., Ltd. on Issuing of Its Corporate Bonds
Zhong Lun Advises Blue Sky Urban Construction Investment Development Co., Ltd. on Issuing of Its Corporate Bonds
Approved by the National Development and Reform Commission in June 2016, Chibi Blue Sky Urban Construction Investment Development Co., Ltd. (hereafter referred as “Blue Sky Corporation") in Hubei Province has issued its RMB 1 billion, 7-year corporate bonds with coupon rate of 4.38% and over-subscription rate of 2.69 times. Industrial Securities serves as the lead underwriter and Chongqing Sanxia Guarantee Group Corporation undertakes a full and unconditional irrevocable joint and several liabilities.
Chibi City, known as “the South Gate of Hubei Province", is located at the economic and cultural joint part of Sichuan, Hubei and Jiangxi Provinces. Blue Sky Corporation, which is an important urban development and construction part and capital operation entity, has already made great contributions in Chibi’s urbanization process in the areas of urban infrastructure construction and land consolidation and development. It’s the first time for Chibi to issue corporate bonds and the raised funds will be used on the project of Chibi Eco Industrial Park.
As the legal adviser of the issuer, Zhong Lun Law Firm, through a team led by partner Zhang Jinquan, together with associates Li Xiang, Wang Jun, Xu Xiao and Shao Qi, provides comprehensive legal services for the issuing of the corporate bonds.
