Chungs Lawyers advised Zhongrong International Bond 2021 Limited (the “Issuer”) on its issuance of US$100,000,000 6.80% guaranteed notes due 2022 unconditionally and irrevocably guaranteed by Zhongrong International Holdings Limited (the “Guarantor”) with the benefit of a keepwell and liquidity support deed and a deed of equity interest purchase undertaking by Zhongrong International Trust Co., Ltd. (中融國際信托有限公司) (collectively with its subsidiaries, the Issuer and the Guarantor, the “Group”), and listed on the Singapore Exchange.
Zhongrong International Trust Co., Ltd. is one of the leading trust companies in the PRC. The Group’s principal business is its trust business which includes the design of asset-specific trust products and investment of trust assets in such products. In recent years the Group has expanded into non-traditional business, including asset management and wealth management.
Listing of the bonds on the Singapore Exchange commenced on 1 December 2021.