Dacheng advises Dezhou Deda Urban Investment and Operation on bond issue

On 10 June 2014, the Department of Fiscal and Financial Affairs of the National Development and Reform Commission gave approval to Dezhou Deda Urban Investment and Operation Co for its 2014 corporate bond issue. A team led by attorney Wang Botao from Dacheng’s Jinan office provided all-round legal service for the issuer.

The company issued no more than RMB1.8bn (£170m) in bonds to support the construction of houses for low-income families clustering along the high-speed railway of Dezhou, Shandong province.

China Investment Securities Corporation acted as lead underwriter for the bonds, while China National Investment & Guaranty Co provided full-amount, unconditional and irrevocable joint liability guarantee for the company.

The Dacheng team also included associates Guo Yongqiang and Lu Siyu.