03-26
Grandall Jinan Office Providing Shandong Iron & Steel with Legal Service in its Issue of 3rd Super Short-term Financing Bonds
On 25 March 2015, Shandong Iron & Steel Group Co., Ltd. (“Shandong Iron & Steel”) successfully issued its 3rd super short-term financing bonds, and Grandall Jinan Office acted as special legal advisor in the project.
With a registered capital of RMB 20 billion, the financing bonds was co-underwritten by several banks, covering Industrial and Commercial Bank of China Co., Ltd., Bank of China Limited, China Construction Bank Co., Ltd., Industrial Bank Co., Ltd., China Merchants Bank Co., Ltd., China Minsheng Banking Co., Ltd., Shanghai Pudong Development Bank Co., Ltd., China Bohai Bank Co., Ltd. and Bank of Beijing Co., Ltd, among which China Minsheng Banking Co., Ltd. acted as principal underwriter. The total amount of this issue is RMB 3 billion, and the term of which is limited to 270 days.
Grandall Jinan Office acted as the special legal advisor for the project, with Mr. Jiang Lu and Mr. Zhao Xinlei being key grandall lawyers servicing Shandong Iron & Steel.