Recently, Da Feng port successfully issued $600 million enterprise debentures approved by National Development and Reform Committee (NDRC). The debentures issued are 6-year fixed rate debenture, along with the issuer’s option to escalating coupon rate at the end of third year and the investor’s put option. The annual coupon rate of the debenture is 7.98%. JC Master was engaged as the special project legal consultant for this enterprise bond issuance. |
