Chungs Lawyers (in association with DeHeng Law Offices) advised the Joint Lead Managers as to English law on the issuance of US$37,500,000 3.50% credit enhanced Bonds due 2022 by Honghe Development Group Co. Ltd.(the “Issuer”) .
The Issuer was established in October 2013 and is the primary entity that undertakes infrastructure development and poverty alleviation project construction work in Honghe Hani and Yi Autonomous Prefecture (“Honghe Prefecture”). The Issuer is directly and wholly owned by the State-owned Asset Supervision and Administration Commission of Honghe Hani and Yi Autonomous Prefecture (“Honghe Prefecture SASAC”) and is a key facilitator of the infrastructure construction and poverty alleviation plan of the Honghe Prefecture Government.
The bonds issued on 14 April 2021.
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