Tian Yuan Law Firm LLP ("Tian Yuan Hong Kong") assisted Zouping Caijin Development Group Co., Ltd. ("Zouping Caijin") in completing the Japanese yen senior unsecured credit-enhanced offshore bond on November 24, 2023 of issuance. The bond issuance size is 7.1 billion yen, with a coupon rate of 2.3% and will mature in 2026. This bond was supported by a standby letter of credit provided by Bank of Qingdao Co., Ltd. and was listed on the China (Macau) Financial Assets Exchange Co., Ltd. ("Macau Exchange").

Zouping Finance is mainly engaged in bulk commodity trading, construction agency projects, engineering construction and other businesses. As an important infrastructure and public utility project construction entity in Zouping City, it has always been responsible for infrastructure construction in the region. Zouping Finance has accumulated rich experience in the long-term investment, construction and operation of urban infrastructure. Zouping Finance has obvious industry advantages in the region, strong overall competitive advantages and broad development prospects.

Tian Yuan Hong Kong acted as the issuer's international legal advisor in this bond issuance project, providing the issuer with full legal services. The work completed by Tian Yuan Hong Kong includes but is not limited to drafting and revising bond issuance circulars, reviewing bond issuance-related transaction documents, assisting project delivery, and assisting issuers and underwriter teams, credit enhancement banks, and domestic and foreign legal counsel hired by all parties. Communicate and negotiate with consultants and relevant regulatory authorities, and complete the listing of the bonds on the Macau Exchange.

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.