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Zhong Lun Advises on COSCO SHIPPING Development's Issue of RMB 8 billion Corporate Bonds
Zhong Lun Advises on COSCO SHIPPING Development's Issue of RMB 8 billion Corporate Bonds
On November 6, 2020, COSCO SHIPPING Development Co., Ltd. (“COSCO SHIPPING Development", 601866.SH and 02866.HK) announced its Public Issuance of Corporate Bonds to Professional Investors (First Tranche) for 2020. The issuance scale of the first tranche is RMB 1 Billion, the coupon rate is 4.46%. China Merchants Securities, Guotai Junan Securities and China Securities are the Lead Underwriters of this issuance, Everbright Securities, Ping An Securities and Hai Tong Securities are the Co-lead Underwriters of this issuance.
COSCO SHIPPING Development is an A+H listed company and the subsidiary of China COSCO SHIPPING Corporation Limited, specialized in supply-chain financial services. The registered scale of this public issuance of corporate bonds to professional investors is not exceeding RMB 8 Billion.
Zhong Lun Law Firm acted as the legal counsel for COSCO SHIPPING Development and provided legal services in connection with this issuance. The legal team was led by Bill Shang and Jesse Huang and included associates Xu Mi.
