Han Kun Hong Kong Law Offices LLP ("Han Kun Hong Kong") has provided English law and Hong Kong law legal services in connection with Yiwu State-owned Capital Operation Co., Ltd.'s (the "Company") U.S.$450 million 3-Year Bond issuance as Joint Lead Managers' and Trustee's international counsel. The coupon rate of the 3-Year Bonds is 4.15%.
The Joint Lead Managers and Joint Bookrunners include Standard Chartered Bank, Bank of China, Caitong International, China CITIC Bank International, China International Capital Corporation, CEB International, China Galaxy International, China Securities International, China Zheshang Bank Co., Ltd. (Hong Kong Branch), CITIC Securities, CMBC Capital, CNCB Capital and Hua Xia Bank Co., Limited Hong Kong Branch.
Yiwu is a county-level city of Zhejiang Province. As the first county-level pilot city in the national comprehensive reform of international trade, Yiwu has long been known as "the World's Capital of Small Commodities" and been honored as "the world's largest small commodity wholesale market" by the UN and other international institutions. Ranking. It ranks the first by GDP among all county-level divisions in Zhejiang in 2024 and its GDP per capita qualified it for a "high-income economy" according to the World Bank's classification criteria.
The Company is the primary operator and manager of state-owned assets in Yiwu City. The Company is the first county-level SOE in Zhejiang Province with a BBB international rating from Fitch and China's first and currently only country-level SOE with a Baa2 international rating from Moody's.
