Han Kun Hong Kong Law Offices LLP ("Han Kun Hong Kong") has provided English law and Hong Kong law legal services in connection with Ganzhou Development Investment Holding Group Co., Ltd.'s ("Ganzhou Development Group") U.S.$300 million Sustainable Bonds offshore offering as Issuer's international counsel.
The coupon rate of this offshore offering of U.S.$300 million sustainable bonds by Ganzhou Development Group is 5.05%, recording the lowest interest rate spread in the history of state-owned enterprises in Jiangxi Province issuing U.S. dollar bonds with their own credit. This deal received more than 3 times over-subscription.
The bonds will be aligned withthe Green Bond Principles 2021 (with June 2022 Appendix 1, Social Bond Principles 2023, and Sustainability Bond Guidelines 2021 by International Capital Market Association. The sustainable bonds are certified by Moody's Rating, Sustainable Fitch and CCX Green Finance International Limited.