March 22, 2018 -- Tianjin Rail Transit Group Corporation Limited’s offshore unit Rail Transit International Development successfully issued €400 million of green bonds on the Luxembourg Stock Exchange.

In July 2014, Tianjin Rail Transit Group Co., Ltd. , a large state-owned enterprise, was established under the authorization of Tianjin Municipal Committee and Tianjin Municipal Government. This emerging railway and metro transit development company provides rail investment, construction, operation, repair, maintenance and comprehensive development services.  The group performs the duties of investment, construction and operational management of the city metro system and inter-city rails to provide rapid transit services for local residents and cargo shipping. The company oversees the investment of construction and transportation management of the local railways in Tianjin and has invested in the operations management of Ligang railway as well as in the construction of following railways: Beijing-Shanghai Highspeed Railway, Beijing-Tianjin Inter-city Railway, Tianjin-Qinhuangdao Passenger Railway and Tianjin-Baoding Railway. The group undertakes the financing, construction, operations management, and resources development of Tianjin metro system and has opened railway lines 1, 2, 3, line 6 (stage one) and Tianjin-Binhai light rail line 9, spanning a total of 168 km of rail lines. Currently the following construction is underway: subway line 5, south portion of line 6 (stage one), east extension of line 1, line 4 (stage one) , line 7 (stage one) , line 10 (stage one)  and line 11 (stage one), totaling a distance of 156 km.

As the issuer’s Chinese attorney, since May 5, 2016, Jingtian & Gongcheng has continuously assisted Tianjin Rail Transit Group Co., Ltd.’s offshore unit in issuing bonds worth $500 million and €400 million.