On July 5, 2017, the offshore subsidiary of China State Construction Engineering Co., Ltd. (“CSCEC”, stock code: 601668) successfully issues US$ 1 billion bonds on Singapore Exchange, including US$ 500 million bonds due 2022 (coupon of 2.90%) and US$ 500 million bonds due 2027 (coupon of 3.50%).

CSCEC’s parent company is China Construction Engineering Corporation, which is founded in 1982, and one of the key backbone enterprises under the direct management by the central government. CSCEC has businesses in China and over 100 foreign countries and regions, including engineering and construction, investment and development, survey and design. CSCEC is one of the largest construction and property groups in the world. In the latest 2017 Fortune 500 list, CSCEC’s ranking rises from no. 27 in 2016 to no. 24, and maintains the top spot among the world’s construction groups. It is also ranks no. 3 in Fortune China 500 list.

Jingtian & Gongcheng is the PRC legal counsel of the underwriter to provide comprehensive legal services. It’s also the third time that Jingtian & Gongcheng assists CSCEC to issue bonds abroad.