2021.07.04
BOCOM International Holdings Company Limited （3329.HK）（hereinafter referred to as“BOCOM International”）set up their overseas medium-term notes program on 4 June 2021. On June 28, 2021 the company successfully delivered the first USD 500 million senior fixed interest unsecured bonds at a rate of 1.75% with a five-year maturity (hereinafter referred to as“this project”). This offering marks BOCOM International’s debut on the overseas bond capital market and the offering was oversubscribed nearly nine times. This sets the record for multiple subscriptions by a Chinese bank in Hong Kong so far this year. It has also set the record for the narrowest five-year bond spread among a Chinese bank in Hong Kong.
BOCOM International was founded in 1998 and is the only securities and securities-related financial services platform of the state-owned joint-stock Commercial Bank of Communications in Hong Kong. It is one of the earliest licensed securities companies in China. After many economic cycles and regulatory reforms, BOCOM International has grown into one of the largest securities firms in Hong Kong specializing in securities brokerage and margin financing, corporate financing and underwriting, investment, loan and asset management and advisory services. It was listed on the main board of the Stock Exchange of Hong Kong on May 19, 2017. BOCOM International has three established and wholly owned subsidiaries: BOCOM International (Asia) Limited, BOCOM International Securities Limited and BOC International Asset Management Limited, which respectively engage in investment banking, securities trading and asset management.
JunHe acted as the PRC counsel for the underwriters on this project, and assisted BOCOM International in the establishment of the overseas medium-term notes program and the initial withdrawal and issuance. JunHe provided high-quality, rigorous and efficient legal services to conduct PRC legal due diligence, issue PRC legal opinions, assist the company in the internal and external approval process and review transaction documents under a very short time frame. JunHe successfully assisted BOCOM International in establishing its overseas medium-term notes program and making the initial withdrawal and issuance. JunHe’s team has won the affirmation and trust of the company and other intermediaries with its consistent, rigorous and efficient working style as well as their meticulous and dedicated service attitude.
The lead partners of this project were Mr. YU, Yongqiang (YY) and Ms. LEI, Tianxiao.
