Recently, Beijing King&Capital Law Firm, as a special legal advisor, assisted Huadian International Power Company Limited (stock code 600027) in the successful issuance of the first single exchange market class REITs, with an issuance scale of RMB 2.141 billion and a preferred coupon rate of 3.35%, which is a new record low for the issuance rate of thermal power infrastructure class REITs in the year of 2023.
Related performance: King&Capital won the bidding of Yinchuan Water Supply Infrastructure REITs whole process consulting service project
This project is the first class REITs in the exchange market of China Huadian Group Corporation, the first class REITs of Huadian International and the first class REITs in Hebei Province, and the successful issuance of this project, as an equity-type consolidated class REITs, will help Huadian International to further expand its financing channels, optimize its asset-liability structure and revitalize its stock of thermal power assets.
King&Capital acted as the special legal advisor for this project and formed a project team led by senior partner Liu Jingxia and senior partner Yang Hangsheng, with project sponsoring attorneys Fan Litao and Wang Ying as the main members, who were involved in the whole process of the project, including the project's legal due diligence investigation, design of the transaction structure, drafting of the full set of transaction documents, issuance of the relevant legal opinions and witnessing of the book-entry issuance, with partners Mr. Cheng Guang, Mr. Li Junxia and other members of the team providing services to the project, Mr. Cheng Guang, Mr. Li Junxia and other members of the project team provided collaborative support to ensure the efficient and smooth completion of the legal services of the project.
The successful issuance of thermoelectric energy infrastructure investment asset support special plan (REITs) for Huadian International is a new and successful exploration of the effective revitalization of stock assets by the lawyers team of the firm on the basis of obtaining the commission of the real estate investment trusts (REITs) project in the field of water supply infrastructure in Yinchuan. Summarizing the experience of the project and deepening the theoretical and policy thinking, the firm will continue to make continuous efforts to innovate in assisting enterprises to optimize capital allocation, explore asset value, enrich the function of stock assets, broaden social investment channels, reduce the level of corporate indebtedness, and reasonably expand effective investment, etc., so as to provide full professional support and legal services for the promotion of the project.
