Cases
Hylands assists the successful issuance of Yillion Bank 2020 Property Rights Trust Phase II in the Banking Credit Assets Registration and Circulation Center
On September 29, 2020, the Yillion Bank 2020 Property Rights Trust Phase II project was successfully issued in the Banking Credit Assets Registration and Circulation Center. Attorney and partner Weiyong CHEN, attorney Xu ZHANG and apprentice lawyer Jiaming LIU of Hylands Law Firm provided full-time legal services for Yillion Bank in the project. Under the market environment affected by the COVID-19 epidemic, the high-quality consumer loan assets of Yillion Bank have received wide attention and recognition. Hylands warmly congratulates Yillion Bank on the successful issuance of Yillion Bank 2020 Property Rights Trust Phase II.
This is the fourth successful issuance of Yillion Bank’s Property Rights Trust. Yillion Bank, as the principal of the Property Rights Trust, entrusted its high-quality consumer loan assets (normal class) to Everbright Xinglong Trust Co. Ltd. to establish the ‘Yillion Bank 2020 Property Rights Trust Plan Phase II’, with an asset size of CNY 500 million. There were senior and subordinated trust units, among which the senior trust units were rated as AAAsf with an expected yield of 4.5% and an expected maturity date of May 15, 2021.
The Financial Banking Business Team of Hylands Law Firm provided legal support for the entire process of the Yillion Bank’s Property Rights Trust Project, including but not limited to conducting legal due diligence and transaction structure review of the project, modification of transaction documents, issuance of legal opinion, etc. Meanwhile, Hylands also provides all-year legal advisory services to Yillion Bank, providing all-around legal services for the business development of Yillion Bank.
The Financial Banking Business Team, as one of the core business teams of Hylands Law Firm, has repeatedly provided special legal services such as property trust and asset securitization to major banks and financial institutions, which have been well received by clients. With the rapid development of the Internet financial industry, Hylands will continue to give full play to its professional advantages in the field of financial banking, and provide high-quality and customized legal services to customers in the Internet financial industry. Hylands will help customers in the Internet finance industry develop their businesses by fully considering their business needs and controlling relevant legal and compliance risks.