DeHeng Law Offices advised China Railway Construction Corporation (CRCC) on its first offshore green bond issuance, conducted via its overseas subsidiary, Huayuan.
The transaction raised RMB4 billion (USD567 million) through two tranches of senior unsecured green bonds.
Both tranches were denominated in renminbi, offered to offshore investors under regulation S, and listed on the HKEX. The five-year tranche carries a coupon of 2.18%, while the 10-year tranche features a 2.6% coupon.
DeHeng acted as the issuer’s PRC legal counsel. The firm’s team was led by partners Li Zhihong and Wang Yuwei, with support from partner Wang Junzhe.
CRCC, a major construction conglomerate supervised by the State Council’s State-owned Assets Supervision and Administration Commission, operates across business segments spanning engineering contracting, planning and design consultancy, investment and operations, and industrial manufacturing.
According to the issuance statement, the green bond offering is a concrete step in CRCC’s drive toward sustainable transformation. It aligns with the company’s strategic goals while broadening funding channels, improving its debt structure and enhancing its international competitiveness.
