IFLR1000

China Cinda Asset Management $3 billion notes issues

13/3/2017
Investment grade bond/note issue
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$ 3 billion

Completed

13/3/2017

Overview:

  • China Cinda Asset Management's subsidiary—China Cinda Finance (2017) I—has issued $3 billion in notes.
  • The offering consists of $300 million 3.0% guaranteed senior notes due 2020; $1.3 billion 3.65% guaranteed senior notes due 2022; $700 million 4.1% guaranteed senior notes due 2024; and $700 million 4.4% senior notes due 2027.
  • The notes were offered under a new MTN programme established by China Cinda’s wholly owned subsidiaries, China Cinda Finance I and China Cinda Finance II.
  • The notes are guaranteed by China Cinda Holdings Company and supported by a keepwell deed and a deed of equity interest purchase, investment and liquidity support undertaking from China Cinda.
  • Headquartered in Beijing, China Cinda is an asset management company listed on the Hong Kong Stock Exchange. It focuses on distressed asset management and provides customised financial solutions and differentiated asset management services to its clients.

Adam Majeed - Regional editor

Jurisdictions:

China
Hong Kong SAR

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Investment management

Firms:
Davis Polk & Wardwell

Party: China Cinda Asset Management (Issuer)

Haiwen & Partners

Party: China Cinda Asset Management (Issuer)

King & Wood Mallesons

Party: BOCI Asia (Arranger)

Party: CCB International Capital (Arranger)

Party: Bank of China Ltd (Arranger)

Party: Morgan Stanley (Arranger)

Party: Industrial and Commercial Bank of China Ltd (Arranger)

Party: Deutsche Bank AG Na ON (Arranger)

Party: Agricultural Bank of China Ltd (Arranger)

Party: Australia and New Zealand Banking Group (ANZ) (Arranger)

Party: China Construction Bank Corporation (Arranger)

Party: Bank of Communications Co Ltd (Arranger)

Party: CLSA (Arranger)

Party: ABCI Capital (Arranger)

Party: Cinda International Securities (Arranger)

Lawyer: Su Zheng

Linklaters

Party: BOCI Asia (Arranger)

Party: CCB International Capital (Arranger)

Party: Morgan Stanley (Arranger)

Party: Industrial and Commercial Bank of China Ltd (Arranger)

Party: Deutsche Bank (Arranger)

Party: Australia and New Zealand Banking Group (ANZ) (Arranger)

Party: China Construction Bank Corporation (Arranger)

Party: CLSA (Arranger)

Party: Cinda International Securities (Arranger)

Party: Bank of China (Arranger)

Party: ABCI Capital (Arranger)

Party: Agricultural Bank of China (Arranger)

Party: Bank of Communications (Arranger)

Walkers

Party: China Cinda Asset Management (Issuer)

Lawyer: Kristen Kwok

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