Legal DealFolio - China Development Bank RMB Note Issuance

Leading international law firm Clifford Chance has advised the joint lead managers and bookrunners, Hong Kong and Shanghai Banking Corporation, Standard Chartered Bank, Barclays, Bank of China (Hong Kong), ABC International, Bank of Communications, Hong Kong Branch, CCB International Capital, ICBC (Asia) and ICBC International Securities, on China Development Bank's (CDB) RMB4.5 billion notes issuance. The original offering of RMB3 billion was increased to RMB4.5 billion due to strong investor demand, yet continued to be 1.22 times oversubscribed. The deal included the issuance of three tranches of Reg S senior unsecured notes: an RMB1.9 billion 2-year floating rate note, an RMB1.7 billion 5-year 3.6% note and an RMB900 million 15-year 4.5% note. This is the first issuance from CDB's recently established offshore RMB7 billion debt programme and is also the first Chinese financial institution to launch a dim sum bond this year. Connie Heng was supported on this transaction by consultant Angela Chan and associate Lin Li.

Deal Date:	27-11-2013	Practice Area:	Debt Capital Markets
Deal Title:	China Development Bank RMB Note Issuance	Industry:	Banks
Description:	Leading international law firm Clifford Chance has advised the joint lead managers and bookrunners, Hong Kong and Shanghai Banking Corporation, Standard Chartered Bank, Barclays, Bank of China (Hong Kong), ABC International, Bank of Communications, Hong Kong Branch, CCB International Capital, ICBC (Asia) and ICBC International Securities, on China Development Bank's (CDB) RMB4.5 billion notes issuance. The original offering of RMB3 billion was increased to RMB4.5 billion due to strong investor demand, yet continued to be 1.22 times oversubscribed. The deal included the issuance of three tranches of Reg S senior unsecured notes: an RMB1.9 billion 2-year floating rate note, an RMB1.7 billion 5-year 3.6% note and an RMB900 million 15-year 4.5% note. This is the first issuance from CDB's recently established offshore RMB7 billion debt programme and is also the first Chinese financial institution to launch a dim sum bond this year. Connie Heng was supported on this transaction by consultant Angela Chan and associate Lin Li.
Financial Center:	Hong Kong	Value:	500.01-1000.00
Advised Party:	Lead Manager	Law Firm	Clifford Chance
Issuer Jurisdiction	China	Listing Jurisdiction	Hong Kong
Classification:	Corporate Bonds Senior Debt	Lawyer	Connie Heng

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers