Han Kun Law Offices LLP ("Han Kun Hong Kong"), as international legal counsel to the issuer and guarantor, respectively, successfully assisted in a three-year RMB 460 million sustainable offshore bond issuance, with Ganzhou Tourism Investment Group Co., Ltd. ("Ganzhou Tourism") as the issuer and Ganzhou Development Investment Holding Group Co., Ltd. ("Ganzhou Development"), the parent company of Ganzhou Tourism, as the guarantor. Han Kun provided legal services in this transaction as to English law and Hong Kong law, assisting its smooth completion.
The three-year RMB 460 million sustainable bonds issued have a coupon rate of 2.70%, with the issuer's credit rating at "AA+" and peak subscription reaching 5 times. This issuance sets three records: the lowest coupon rate in history for dim sum bonds issued by state-owned enterprises in prefecture-level cities with the same rating, the lowest coupon rate in history for dim sum bonds issued in Jiangxi Province, and the lowest coupon rate in history for offshore bonds issued by Ganzhou City. The bonds issued this time are listed on Chongwa (Macao) Financial Asset Exchange Co., Ltd.
Ganzhou Tourism Investment Group Co., Ltd. is a key state-owned enterprise under the jurisdiction of Ganzhou City, focusing on cultural and tourism resource development, tourism infrastructure construction, and cultural and tourism industry operations, undertaking the core function of integrating tourism resources and promoting industrial upgrading in Ganzhou City.