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Global law firm Ashurst advised Guangzhou Development District Investment Group Co., Ltd (Issuer) in relation to its debut issuance of offshore bonds, in the aggregate principal amount of US$400 million. The Bonds are listed on the Hong Kong Stock Exchange, the Chongwa (Macao) Financial Asset Exchange Co., Ltd. and the Singapore Exchange Securities Trading Limited. Ashurst acted as counsel to the Issuer as to English law, as well as listing agent for the HK and Macao listings of the Bonds. The net proceeds from the issuance will be used for financing of eligible sustainability projects of the Issuer group and for related working capital purpose.

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