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2017 08-15

Grandall Advised eHi’s Issue of USD 400M Bonds Abroad

      On 14 August 2017, eHi Auto Services Limited (“eHi”), a company listed on New York Stock Exchange with the stock code as “EHIC”, announced its issue of USD 400 million five-year bonds (“Bonds”) abroad at the coupon rate of 5.875%.  The Bonds will be traded on Singapore Stock Exchange, and JPMorgan and Deutsche Bank also have been involved in the issue.


      The Bonds, which is highly recognized by the capital market, has been oversubscribed for USD 3 billion, showing the leading position of eHi in domestic auto renting market.


      eHi is the exclusive strategic partner of Enterprise (the largest auto service group around the world) in China.  As the leading car service provider, eHi has been dedicating to create maximal benefit for its customers via efficient utilization of current resources and economy concept sharing. 


      Grandall Shanghai Office has been retained as China legal counsel of eHi with Mr. Guan Jianjun, Mr. Wu Ming, Ms. Li Diming and Ms. Zhao Yuan as key lawyers servicing the case.

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