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.
