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DeHeng Advised Xianyang Financial Holding Group on Pricing

USD 100 Million Overseas Bonds for Credit Enhancement

2020-06-22


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On June 16, 2020, Xianyang Financial Holding Group Co., Ltd. "Xianyang Financial Holding Group" or the "issuer") priced overseas bonds (the "bond") of USD 100 million with the term to maturity of three years and the interest rate of 3.80%. 


Formerly known as Xianyang Financial Holding Co., Ltd., Xianyang Financial Holding Group was established in June 2015 with a registered capital of RMB 3.08 billion. It is a state-owned company funded by Xianyang Municipal People's Government according to the development trend of financial industry to tap state-owned assets, raise funds and do post investment management for major industrial projects. It is the first capital operation platform company in Xianyang. Its business covers funds, equity investment, asset management, pawn, small loans and financial leasing. It hopes to integrate and tap existing state-owned assets through market-oriented operation and realize capitalization of state-owned assets. It provides systematic investment, guarantee, lending, pawn, lease and banking services to meet financing needs of enterprises and projects, and form overall competitive advantages and build a comprehensive financial service group that supports the city's industrial development.


As the domestic counsel for the issuer, the DeHeng team was led by partner Ren Yulong and lawyer Huyan Hui, with primary support from intern Li Shuyu. They provided professional, comprehensive and high-quality legal services for the issuance, including legal due diligence in China, review of the Chinese legal part of the deal documents and preparation of the English version of Chinese legal opinions.

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