Achievements | Zhonglun W&D Assists Shenzhen Public Housing Group in Successful Issuance of First and Second Tranche Corporate Bonds in 2023

On June 14, 2023, Shenzhen Public Housing Group Co., Ltd. issued its first tranche of corporate bonds for 2023, targeting professional investors. The offering size was RMB 1.5 billion, with a bond term of 3 years and a coupon rate of 2.55%.

 On July 6, 2023, Shenzhen Public Housing Group issued its second tranche of corporate bonds for 2023, targeting professional investors. The offering size was RMB 800 million, with a bond term of 3 years and a coupon rate of 2.92%.

 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.

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