Grandall Advised Jiaozhou Bay Development in its Issue of USD Bonds
On 28 June 2019, Qingdao Jiaozhou Bay Development Group Co., Ltd. (the “Company”) successfully issued USD bonds abroad and completed the closing.
The bonds are issued by the Company directly for the purpose of existing debts refinancing and ordinary enterprise use. The total amount of the issue is USD 300 million for a term of three years at the interest rate of 5.8%.
Grandall Jinan Office has been retained as domestic legal advisor of the underwriter with Mr. ZHAO Yu, Mr. ZHANG Wei, Mr. ZHAO Xinlei and Mr. WANG Tianwei as key lawyers providing legal service for the case.