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Tahota Helped Chengdu Aerotropolis Xingcheng Group Issue USD Notes in Overseas Market

2022-05-05 Views:2811

Recently, Chengdu Airport Xingcheng Investment Group Co., Ltd.hereinafter referred to as “Airport Groupsuccessfully issued US$500 million fixed rate bonds bearing coupon interest at 4.5%.Such deal sets a record of being the largest issuance of corporate bonds with the narrowest interest spread in the same period by nationwide urban investment enterprises since 2022.


Airport Group is a wholly state-owned enterprise established in September of 2005.The group  following the goal of building Shuangliu District into the aviation economic capital of China, focus on the two key sectors of comprehensive development of industry and city, capital increment operation, and the two innovation and cultivation sectors of city integration service and airworthiness industry. The group builds a small cycle for benign conversion of funds and capital by centering on industrial city development and capital increment operation; builds a big ecosphere for jointly development between industry and city by centering on urban integration services and the development of airworthiness industry. It strives to honour of " well-known city domestically and a first-class city in the western region" during the 14th Five-Year Plan period.


As the PRC legal advisor of the bond issuer, Tahota assisted the issuer in conducting due diligence on PRC laws, reviewing issuance documents, and issuing PRC legal opinions. The main lawyers in charge of this project include Partner YANG Yue, YANG Yi, JIN Yan and HUANG Xia, etc.


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