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LANDING Assisted Tebon Changsha Water in the Successful Issue of Special Asset-backed Plan for the Right to Income from Water Supply Charges

2020-11-23 admin
On September 17th, 2019, the “Tebon Changsha Water special asset-backed plan for the right to income from water supply charges” established and managed by Tebon Securities Co., Ltd. was successfully issued. Changsha Water Supply Co., Ltd., a subsidiary of Changsha Water Group, is the original stakeholder and asset service institution, Changsha Water is the underwriter, and Changsha Urban Construction Investment is the guarantor. The issue scale of this special plan is RMB1.2 billion and the term is 5 years. The scale of senior securities is RMB1.14 billion, divided into Grade A1-A5, and the scale of subordinate securities is RMB60 million.

LANDING acted as the legal counsel for this special plan, and provided a full range of legal services, including legal due diligence, determination of the underlying assets, design of the transaction structure, drafting and revision of transaction documents, and issue of legal opinions. The project was jointly completed by Yin Xiangnan, director of the law office, and her legal team member Liu Yu.
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