Kunming Urban Construction Investment and Development Co., Ltd. ("KUCID") recently issued a three-year senior unsecured fixed-interest dollar bond up to USD200 million. The bond is listed on Hong Kong Stock Exchange with coupon rate of 5.80%.

The company, established in May 1997, is a state-owned enterprise under the Kunming Municipal Government. Its main business scope includes investment, development and consultation of municipal public facilities and related industries, provision of services for investments in local urban construction projects, development, production and operation of construction machinery and construction materials, development and operation of real estate, freight forwarding agency, warehousing services and domestic trade, etc.

Lawyers from Nanjing Office and Kunming Office have been retained as the company’s PRC legal advisor with Mr. LIU Xiangming, Mr. ZHAO Chen, Mr. LIU Yongu, Mr. TANG Yunwei, Mr. YANG Xianghong, and Ms. JIANG Jingjing as key lawyers providing professional legal service for the case.