On October 24, 2017, HBIS Group Co., Ltd. (“HBIS”) successfully issued the first batch of its 2017 private placement of corporate bonds (“Corporate Bonds”), with the actual scale of RMB 3 billion. On November 8, 2017, the Corporate Bonds were listed on the Shanghai Stock Exchange.
Zhong Lun Law Firm served as the PRC legal counsel to issuer on the whole process of the issuance of the Corporate Bonds. The Zhong Lun team was led by Partner Jessica Li and Hua Wang, with support by associate Biqiao Li, Weixiang Huang, Xiaolei Yuan and Congxin Chen. Zhong Tai Securities acted as the lead underwriter for issuing the Corporate Bonds.
HBIS is one of the major steel material manufacturers and comprehensive service suppliers in China. The Corporate Bonds is carried out with a registered scale of RMB 10 billion, and is the largest private placement corporate bonds project by value among those of iron and steel enterprises since the implementation of new corporate bonds policies in 2015.