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JunHe Advises China CITIC Bank in 2022 in its issuance of Financial Bonds (series 1)


China CITIC Bank Corporation Limited (CITIC) recently successfully completed the issuance of its 2022 financial bonds (series 1) (the Bonds). The RMB 30 billion bonds will mature in three years with a coupon rate of 2.80% and an oversubscription rate of 2.8. The proceedings raised will be primarily used to optimize the issuer’s mid- to long-term liabilities to assets ratio, increase its sources of stable mid- to long-term debts, and support its mid- to long-term assets business. 

JunHe acted as the issuer’s counsel in this project. With its quality, meticulous and efficient legal services, JunHe assisted the issuer in obtaining regulatory approval, carried out comprehensive legal due diligence and rendered legal opinions under Chinese law. Thanks to JunHe’s efforts, the issue was completed successfully despite the negative effects of COVID. JunHe’s reliable work and professional services have been highly praised by the issuer and the other intermediaries.

Partners YU, Yongqiang (YY) and LEI, Tianxiao led the firm’s deal team with the support of partner HUANG, Wei

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.