Dentons Advises Weifang Guokong on Successful CNY 481M Bond Issue.
Dentons Hong Kong recently advised as international counsel to the placing agents for Weifang Guokong Development Group Co., Ltd. on the successful issuance of CNY 481,000,000 in bonds. The bonds, which have a 6.9% coupon rate and are due in 2027, are now listed on the Chongwa (Macao) Financial Asset Exchange Co., Ltd..
Key Details of the Bond Issue
- Bond Amount: CNY 481,000,000
- Coupon Rate: 6.9%
- Maturity: 2027
- Listing: Chongwa (Macao) Financial Asset Exchange Co., Ltd.
The bond issue is part of Weifang Guokong’s ongoing strategy to raise capital in the financial markets. The bonds were placed with a number of placing agents, which included:
- Harmonia Capital Limited
- CNCB Capital
- Donghai International
- Excellent Tide Securities
- HTF Securities
- ICBC International
- Pulun International
- Shenwan Hongyuan Securities (H.K.)
- Soochow Securities (Hong Kong)
- Target Securities
- Zhongtai International
Dentons' Role and Legal Team
Dentons Hong Kong acted as the international counsel to the placing agents, advising on both English law and Hong Kong law. The team was led by Charles Yim, a capital markets partner, along with associates Kelvin Wong, Tracy Lei, Alex Kwong, and legal assistant Alison Chan.
Previous Bond Placement
This successful issuance follows a US$20,500,000 bond placement earlier in January 2025. Dentons had previously assisted Weifang Guokong in that transaction, marking a continued partnership between the law firm and the issuer.
About Weifang Guokong
Weifang Guokong Development Group Co., Ltd. operates primarily in Weifang City, Shandong Province, and its business spans several key sectors:
- Infrastructure construction
- Road maintenance
- Commodities trading
- Other businesses
These sectors provide Weifang Guokong with a stable business foundation, supporting its ability to meet bond obligations and invest in long-term growth.
Dentons is the world’s largest law firm, known for its exceptional global reach and client-focused approach. With a presence in over 80 countries, Dentons offers a wide range of legal services to businesses, governments, and individuals. The firm provides innovative solutions across industries, leveraging its diverse expertise and deep local knowledge to address complex legal challenges. Dentons is recognized for its commitment to diversity, inclusion, and sustainability, consistently ranking among the top firms worldwide.
