400-700-3900

National Toll Free:

400-700-3900

King & Capital Helps Datang International Complete RMB4.5Billion Renewable Corporate Bond Issue
Released on:2020-11-27

Recently,Datang International Power Generation Co.,Ltd.(stock code:601991;hereinafter referred to as“Datang”)successfully completed a public issue of 2020 renewable corporate bonds(first tranche)(abbreviation:20DTFDY1;code:175485)to professional investors by way of book building,and officially released an Announcement on the Bond Issue Result on November 26,2020.Datang,as the issuer,has a credit rating of AAA,with the bonds rated AAA as well.The bonds issued amounted to RMB4.5 billion,with a coupon rate of 4.39%and a term of 3+N years.


King&Capital Law Firm,as the legal advisor to Datang,provided professional legal services for this bond issue.Lawyer Liu Jingxia,senior partner and head of the Finance Department of King&Capital,established a legal services working group;lawyers Li Junxia and Liu Weitong issued legal opinions for the bond issue;lawyers Qi Chao and Liu Weitong witnessed the book building and issuing process;lawyers Xiao Ting and Deng Shiju,along with other senior partners,lawyers and trainees,provided full support during the process.All this ensured that we offered various professional legal services for the successful completion of the bond issue within a short period of time.


After the bond default incident involving Yongcheng Coal&Electricity Holding Group,the market cooled off as a whole.Many issuers cancelled or postponed their issue plans.Against such a backdrop,Datang’s successful issue of RMB4.5 billion corporate bonds reflected the deep trust professional investors place in quality investment targets.