Achievements | Zhonglun W&D Assists Shenzhen Public Housing Group in Successful Issuance of Its Fifth Super & Short-Term Commercial Paper for 2023 

In April 2023, Shenzhen Public Housing Group Co., Ltd. successfully issued its fifth super & short-term commercial paper for the year 2023, with an offering size of RMB 1 billion. Zhonglun W&D Law Firm provided comprehensive legal services throughout the registration and issuance. 

Registered on June 30, 2016, with a registered capital of RMB 100 billion, Shenzhen Public Housing Group Co., Ltd. is a wholly state-owned company for which the State-owned Assets Supervision and Administration Commission of Shenzhen Municipal People’s Government performs investor duties. In accordance with the strategic plan of the Municipal Party Committee and Municipal People’s

 Government, the Group serves as Shenzhen’s platform for ensuring talent have access to housing and supporting their well-being. By benchmarking against Singapore’s Housing & Development Board, the Group adheres to the principles of policy-driven and functional orientation, corporate management, market-oriented operation, and sustainable development. It aims to become Shenzhen’s platform for investment and financing, construction and sourcing, operation and management of public housing, as well as a specialized, scaled, and standardized residential leasing platform.

This super & short-term commercial paper carries an interest rate of 2.57%, with a bond term of 267 days, and an AAA issuer credit rating. The lead underwriter for this issuance is Shanghai Pudong Development Bank Co., Ltd.

 Legal services for this issuance were provided by the lawyer teams of Dengkai Zhu and Lisi Zhou from Zhonglun W&D Law Firm. The team members also included Xiaopeng Li, Haoyang Jing, Yazhuo Xiao, Long Zhao, and Zhihui Deng.