On 12 December 2018, Shaanxi Yanchang Petroleum (Group) Co., Ltd.’s RMB 10 billion non-public issuance of renewable corporate bonds got approved by Shanghai Stock Exchange. Its initial offering was successfully completed on 19 December 2018.
Listed among top 500 Global Fortunes, Yanchang Petroleum has built a pluralistic financial platform by establishing financial and similar financial service agencies such as financial companies, investment companies, Yanchang low-carbon fund, Guantian leasing company, etc. and participated equity in financial institutions such as Changan Bank and Yongan Insurance, achieving synergistic development of entity industry and financial business.
Guantao Xi’an office acted as legal counsel to the issuer. The project was led by partners Sun Dongfeng and Tian Xiangqun. Other team members include Sun Hong and Yang Tuo.