On May 22, China Baowu Group successfully issued twelve-billion three-year medium term notes on the interbank market, at a nominal interest rate of 2.37%.

Watson & Band, acting as the issuer’s lawyer, cooperated with the principal underwriter and the assessment agency, and provided professional services during the issuance process. Watson & Band’s Managing Partner Frank Qian, Partner Cathy Wu and lawyer Jialong Chen, participated in the project and provided full legal services throughout the process.