IFLR1000

Agricultural Development Bank of China Rmb1.5 billion 3.40% dim sum bond issue

26/2/2020
Investment grade bond/note issue
Select tab

Rmb 1.5 billion

$ 213.933 million

Completed

26/2/2020

Overview:

  • The Agricultural Development Bank of China (ADBC) has issued Rmb1.5 billion 3.40% five-year dim sum bonds to raise funds to help combat the coronavirus outbreak.
  • The bonds have been consolidated into and form a single series with ADBC's Rmb3 billion 3.40% five-year bonds issued on 6 November 2019.
  • These are the first dim sum bonds issued to raise funds to help combat the coronavirus outbreak. 

Adam Majeed - IFLR1000 

 

Jurisdictions:

China
Hong Kong SAR

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sectors:

Financial services
Healthcare

Firm:
Clifford Chance

Party: Bank of China (Joint bookrunner, Joint lead manager)

Party: Standard Chartered Bank (Joint bookrunner, Joint lead manager)

Party: Bank of Communications (Joint bookrunner, Joint lead manager)

Party: Agricultural Bank of China Ltd (Joint bookrunner, Joint lead manager)

Party: China Construction Bank Corporation (Joint bookrunner, Joint lead manager)

Party: Industrial and Commercial Bank of China Ltd (Joint bookrunner, Joint lead manager)

Party: Shanghai Pudong Development Bank (Joint bookrunner, Joint lead manager)

Party: China CITIC Bank Corporation Ltd (Joint bookrunner, Joint lead manager)

Party: Mizuho Securities Asia (Joint bookrunner, Joint lead manager)

Party: Credit Agricole Corporate and Investment Bank (Joint bookrunner, Joint lead manager)

Party: CTBC Bank (Joint bookrunner, Joint lead manager)

Party: KGI Asia (Joint bookrunner, Joint lead manager)

Lawyer: David Tsai

Related deals