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GLO advises China Resources Land Limited on its issuance of Panda Bonds in the Chinese market

China Resources Land Limited (“CR Land”) successfully issued its first medium-term note (Panda Bond) in the Chinese Interbank Bond Market on 26 May 2016. The issue size is RMB5 billion, with coupon rates of 3.2% p.a.for the 3-year note and 3.6% p.a. for the 5-year note. This is the first medium-term Panda Bond issued in the Chinese market, with the largest amount of single issuanceto date.


CR Land is the first real estate enterprise issuing public Panda Bond in the Chinese Interbank Bond Market. CR Land, whichhas been listed on the Hong Kong Stock Exchange since November 1996, is one of the most influential comprehensive real estate developers in China.


Global Law Office acted as the issuer’s PRC legal counsel and provided a full range of legal services including issuing the PRC legal opinion,as well as reviewing and drafting the prospectus and other related documents for this issuance. Global’s team was led by our partners Mr. Liu Jinrong and Mr. Zhang Xin, and the other team members include Jin Xu, Zhu Ruiqing, Li Bing, Lin Tingting, Chen Lei, Faye Song and Bi Hanxi.