On June 12, 2017, Tunghsu Group Co., Ltd. (“Tunghsu Group), through its offshore subsidiary, issued successfully in Singapore US$ 350 million bonds, with a coupon of 7% and maturity of 3 years. Tunghus Group guarantees the bond issuance.

Tunghsu Group is a diversified industrial group, with businesses in photoelectric display materials, high-end smart equipment, new energy, environmental protection, etc. It has built China’s first production line of glass substrate for TFT-LCD, and is one of the important manufacturers in the world. In the area of photoelectric display, Tunghsu Group is one of the big four, including Corning in US, Asahi in Japan, and enjoys strong technical capabilities.

Over a hundred investors participated in the face-to-face meetings of the roadshow, and finally Tunghsu Group’s first dollar bond was snapped up by 87 quality and diversified institutional investors from global blue-chip funds, sovereign funds, large Asian bond funds, from 8 regions including Hong Kong, UK, USA and Russia.

Jingtian & Gongcheng is the PRC legal counsel for the issuer, and provides comprehensive legal services.