Clifford Chance has advised the joint global coordinators, joint bookrunners and joint lead managers on the Agricultural Development Bank of China’s CNY1.5 billion 3.40 percent five-year bonds which have been consolidated into and form a single series with the CNY3 billion 3.40 percent five-year bonds issued on 6 November 2019 by ADBC.
These are the first dim sum bonds to raise funds to help combat the coronavirus outbreak.
The joint bookrunners and joint lead managers include the Bank of China Limited, Bank of China (Hong Kong) Limited, Standard Chartered Bank, Bank of Communications Co., Ltd. (Hong Kong Branch), Agricultural Bank of China Limited (Hong Kong Branch), China Construction Bank (Asia) Corporation Limited, Industrial and Commercial Bank of China (Asia) Limited, Shanghai Pudong Development Bank Co., Ltd., (Hong Kong Branch), China CITIC Bank International Limited, Mizuho Securities Asia Limited, KGI Asia Limited, Crédit Agricole Corporate and Investment Bank and CTBC Bank Co., Ltd.
Partner Mark Chan (Picture) led on the deal, with support from partner David Tsai, senior associate Nathan Wong and associate Nicoll Gnoh.
Law Firms: Clifford Chance;
Clients: Agricultural Bank of China Limited; Bank of China; Bank of China (Hong Kong) Limited; Bank of Communications Co., Ltd.; China CITIC Bank International; China Construction Bank Corp.; Crédit Agricole Corporate and Investment Bank; CTBC Bank Co., Ltd.; Industrial and Commercial Bank of China; KGI Bank; Mizuho Securities; Shanghai Pudong Development Bank Hong Kong Branch; Standard Chartered Bank;