Hylands Assists Beijing Construction Engineering in Successfully Issuing CNY 3 Billion of Renewable Corporate Bonds
Recently, the Public Offering of Renewable Corporate Bonds for Professional Institutional Investors by Beijing Construction Engineering Group Co. Ltd. in 2022 (Phase III) was successfully issued on the Shanghai Stock Exchange and attorneys Qun XIAO and Jie LI, partners of Hylands Law Firm, as well as attorney Yaqi YUE provided special legal services for the project. There were two varieties of bonds in the Bonds Offering, of which Variety 1 had an issue size of CNY 1 billion with a maturity of 3+N years and a coupon rate of 2.93%. The issue size of Variety 2 was CNY 2 billion with a term of 5+N years and a coupon rate of 3.49%.
Beijing Construction Engineering Group Co. Ltd. mainly engages in engineering construction and real estate development. It is a large enterprise group integrating architectural design, architectural research, equipment installation, decoration, municipal road and bridge design, environmental protection, energy conservation, logistics, and distribution. As a large-scale construction enterprise under the State-owned Assets Supervision and Administration Commission of the People’s Government of Beijing Municipality, Beijing Construction has always maintained its leading position in the construction industry in China and has continuously ranked among the world’s 250 largest international contractors and the top 500 enterprises of China.