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Global law firm Ashurst has recently assisted enterprises in the Chengdu-Chongqing Economic Circle in two successful issuances of Free-Trade-Zone bonds, including (1) advising the Joint Lead Managers and the Trustee as the international counsel on the issuance of CNY280 million 4.3% Credit Enhanced Bonds due 2025, issued by Chengdu Inland Port Hub Investment & Development (Group) Co., Ltd. and backed by an irrevocable standby letter of credit issued by Bank of Shanghai Co., Ltd., Chengdu Branch; and (2) advising the Joint Lead Managers as the international counsel on the issuance CNY266 million 4.7% Credit Enhanced Bonds due 2025 issued by Chongqing Bazhou Cultural Tourism Industry Group Co., Ltd., with the benefit of an irrevocable Standby Letter of Credit issued by Evergrowing Bank Co. Ltd Chongqing Branch.

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