Han Kun Hong Kong Law Offices LLP ("Han Kun Hong Kong"), acting as international legal counsel to the issuer, has successfully advised Guangzhou Development District Holding Group Limited ("GDD Holding Group") in connection with its US$500 million 2-year green bond issuance. Han Kun Hong Kong also acted as the GDD Holding Group's listing agent for the dual listing of the bonds in both Hong Kong and Singapore, providing seamless, high-quality services for the issuance.
GDD Holding Group was founded on November 6, 1998. It is the largest comprehensive state-owned enterprise in Guangzhou Development District in terms of total assets. Fitch Ratings, Inc. has affirmed GDD Holding Group's corporate rating of "BBB+" with a stable outlook, and "BBB+" for the bonds. In connection with the issuance of the bonds, the Hong Kong Quality Assurance Agency has issued an independent pre-issuance stage certification confirming that the bonds are in compliance with the requirements of its Green Finance Certification Scheme.