Tian Yuan Law Firm LLP ("Tian Yuan Hong Kong") assisted Neijiang Road and Bridge Group Co., Ltd. ("Neijiang Road and Bridge") in completing the issuance of offshore RMB senior unsecured credit-enhanced bonds on December 13, 2023. The bond issuance size is RMB 380 million, with a coupon rate of 4.70% and due in 2026. The bond was supported by a standby letter of credit from Bohai Bank Co., Ltd. Chengdu Branch and was listed on the China (Macau) Financial Assets Exchange Co., Ltd. ("Macau Exchange").

Neijiang Road and Bridge is mainly engaged in infrastructure construction, commodity trading, steel processing and sales, engineering construction and other businesses. As an important infrastructure and public utility project construction entity in Neijiang City, it has always been responsible for infrastructure construction in the region. Neijiang Road and Bridge has clear development directions, excellent resource allocation capabilities, significant experience advantages in the engineering field, and strong overall competitive advantages in transportation investment, road, bridge, municipal engineering survey, design and construction, transportation services, and industrial parks. Broad development prospects.

Tian Yuan Hong Kong served as the international legal advisor to the underwriters in this bond issuance project, providing high-quality and efficient legal services throughout the process. The main services provided include but are not limited to drafting and revising various transaction documents, reviewing bond-raising documents, and assisting the underwriters in legal matters. Due diligence, issuing overseas legal opinions, leading project delivery and other matters.

Tian Yuan Hong Kong has extensive experience in overseas bond issuance (especially overseas bond issuance by Chinese-funded enterprises). Adhering to the concepts of professionalism, dedication and diligence, Tian Yuan Hong Kong always provides high-quality and efficient legal services to clients, and fully understands the special and important matters that Chinese-funded enterprises need to pay attention to in overseas financing.