w88win优德中文版 Advises Aerotropolis Xingcheng Group on its Overseas Issuance of US Dollar Bonds

In December 2024, Chengdu Aerotropolis Xingcheng Investment Group Co., Ltd. ("Aerotropolis Xingcheng Group") issued USD 250 million bonds overseas, with a coupon rate of 5.40% and a maturity period of 3 years. These bonds were listed on the Hong Kong Stock Exchange on December 24, 2024. This bond issue set the lowest interest rate for similarly rated US dollar bonds in central and west China in 2024, as well as the lowest interest rate for county-level platform US dollar A bonds in central and west China in 2024.

Aerotropolis Xingcheng Group was established in 2005 and is majority-owned by the State-owned Assets Supervision and Administration and Financial Work Bureau of Shuangliu District, Chengdu. It is an important local investment and development company responsible for financing and constructing infrastructure in Shuangliu District. Its main business includes infrastructure construction, engineering construction, building materials sales and asset management. On February 7, 2024, Lianhe Global, an international credit rating agency, granted Aerotropolis Xingcheng Group a global scale long-term issuer rating of A- with a positive outlook.

As the issuer's international legal counsel, w88win优德中文版 drafted the offering circular, negotiated and revised the transaction documents, and provided comprehensive legal services on relevant overseas legal issues involved in this project. w88win优德中文版 was recognized and trusted by the company and the other intermediaries for its consistently rigorous and efficient legal services and detail-oriented and professional expertise.

LEI, TianxiaoandChris Tang led the w88win优德中文版 team.