Guantao Law Firm advises CCCC Second Highway Engineering Co., Ltd. complete 2023 (Phase I) public offering of Sci-Tec Innovation Extendible Corporate Bonds to professional investors
Guantao Law Firm has recently helped CCCC Second Highway Engineering Co., Ltd. (“CCCC Second Highway Engineering”) complete an issuance of 1.5 billion yuan public offering of Sci-Tec Innovation Extendible Corporate Bonds (Phase I) to professional investors. The product “Second Highway YK01” amounted to CNY 500 million with 3.29% annual coupon, and the product “Second Highway YK02” amounted to CNY 1 billion, which pays 3.60% annual coupon. The corporate credit rating of CCCC Second Highway Engineering was AAA.
CCCC Second Highway Engineering Co., Ltd. (CCCC Second Highway Engineering) was established in 1964 in the historical city Xi’an and is the subsidiary of a Fortune 500 company - China Communications Construction Company Limited. It is dedicated to the infrastructure of “Big Traffic” “Big City” and works in areas including roads, bridges, tunnels, railways, urban transportation, traffic hubs, comprehensive urban development, municipal service, house building, water conservancy, and ecological protect. It provides comprehensive services to clients across the industry chain, including investment, construction, and operation. It runs business in the 31 provinces and municipalities of China, as well as more than 30 overseas countries. It currently has over 500 projects in progress.
Attorney TIAN Xiangqun, partner of the firm, was responsible for the project. Attorney WANG Fan and attorney SUN Hong, also partners of the firm, signed the documents. Attorney ZHANG Wenliang did the internal review. Attorney DU En also made important contributions to this project.