Chungs Lawyers advised Tianjin Free Trade Zone Investment Holdings Group Co., Ltd. on its issuance of US$200,000,000 3.00% credit enhanced notes due 2024 with the benefit of an irrevocable standby letter of credit issued by China Bohai Bank Co., Ltd., Tianjin Pilot Free Trade Zone Branch (渤海银行天津港保税区分行), and listed on the Hong Kong Stock Exchange (stock code: 40936).
Established in 2008, Tianjin Free Trade Zone Investment Holdings Group Co., Ltd. provides regional services to three development zones within the city of Tianjin, including the Tianjin Port Free Trade Zone (天津港保稅區), the Tianjin Airport Economic Area (天津空港經濟區), and the Tianjin Airport International Logistics Zone (天津空港國際物流區). Tianjin Port FTZ operates under tax-free and paperwork-free policies, and is the largest free trade zone in Northern China.
Listing of the bonds on the Hong Kong Stock Exchange commenced on 25 November 2021.
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