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JunHe Assisted BNP Paribas (China) in its Issuance of 2023 Financial Bonds Phase I

2023.03.27

On March 21, 2023, BNP Paribas (China) Ltd. (BNP Paribas China or the Issuer) completed the book building for its 2023 financial bonds phase I (the Issue). The issuance scale of the bonds was RMB 1 billion and the bonds have a maturity of 3 years and a coupon rate of 3.25%. The funds raised through the Issue will be used for satisfying the diversified and stable capital needs of the Issuer, optimizing the asset and liability structure, and maintaining the stable development of the Issuer’s business.


BNP Paribas (China) Ltd. is a wholly owned subsidiary of BNP Paribas Limited (BNP Paribas) in China. It opened its first office in Shanghai as early as 1860 and was one of the earliest foreign banks to enter China. It is headquartered in Shanghai, with three branches and one sub-branch in China. BNP Paribas is a leading bank in the European banking industry, and its stated business purpose is “working together to change the world”. Its core business includes three major sectors: local markets, international finance, and corporate and institutional banking, and its business presence covers 65 countries and cities around the world.


As the counsel of the Issuer in this project, JunHe assisted the Issuer in obtaining approvals from the regulatory authorities, conducted comprehensive legal due diligence and issued Chinese legal opinions, and ultimately completed all works in relation to advising on the issuance of the bonds. The dependable work attitude and professional service ability of JunHe’s team won the high trust and unanimous recognition of the client and other intermediaries.


The project was led by JunHe partners YU, Yongqiang (YY) and LEI, Tianxiao and partner Joe Wan was responsible for the internal review.

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.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.