Yangzhou Yuanbo Investment and Development Co., Ltd. (“Yangzhou Yuanbo”) recently offered a 364-day USD 46 million senior unsecured fixed rate bond with a coupon of 2.2%, on the Singapore Exchange. Bank of Jiangsu Yangzhou Branch provided the SLC for the bond and Grandall Nanjing Office acted as the underwriter's Chinese legal advisor with LIU Xiangming, ZHAO Chen, and MA Jing as key lawyers serving the project. 

Yangzhou Yuanbo, established in June 2017, was mainly responsible for the construction and operation of the 2021 World Horticultural Expo and the 10th Jiangsu Horticultural Expo. Since 2018, the company has constructed and operated the exhibition park of the 10th Horticultural Expo, and from 2019, the company has been constructing the exhibition park for Yangzhou World Horticultural Expo 2021, with the theme of "Green City, Healthy Life". In addition to 26 domestic cities such as Beijing and Shanghai, there will be 25 foreign cities or international organizations such as Orleans, Nara and the World Federation of Rose Societies as well as 13 cities in Jiangsu. The interest rate of this bond is the lowest issuance rate of SLC issued by domestic city commercial banks, reflecting the global investors' firm confidence in the economic development prospect of Yangzhou City.