Shenzhen Municipality’s RMB-Denominated Offshore Bonds Offering

JunHe advised Shenzhen Municipality in the offering.

The People’s Government of Shenzhen Municipality successfully completed the issuance of RMB 5 billion offshore multi-tranche RMB bonds. It was settled on October 19, 2021 and listed on the Hong Kong Stock Exchange. The issuance comprises three tranches including RMB 1.1 billion 2-year generational bonds as well as RMB 1.5 bn 3-year bonds and RMB 2.4 bn 5-year special bonds.
The three-year and five-year special bonds are green bonds and the net proceeds will be used to finance water treatment projects, sponge city related projects, and clean transportation projects in accordance with the Green Finance Framework of the Shenzhen Municipal Government. 

The JunHe team was led by partner Yongqiang Yu (Picture) and Junli Ye.

Involved fees earner: Junli Ye – JunHe; Yongqiang Yu – JunHe;

Law Firms: JunHe;

Clients: Shenzhen Municipal Government;