DeHeng Advised CCB Financial Leasing Co., Ltd. 

on Issuing Overseas USD Bonds

2019-10-17

In September 2019, CCB Financial Leasing Co., Ltd. successfully issued USD300 million worth of five-year bonds via its overseas subsidiary, with a coupon rate of 3.5% and a keepwell agreement with CCB Leasing. CCB International, HSBC and Mizuho Securities served as the joint global coordinators, joint book managers and joint lead managers and ANZ Bank, Merrill Lynch, Bank of China, BOCOM Hong Kong and SMBC Nikko Securities acted as joint book managers and joint lead managers (hereinafter referred to as "underwriters").

Founded on December 26, 2007, CCB Financial Leasing Co., Ltd. is one of the first financial leasing companies approved by former China Banking Regulatory Commission. It is a wholly-owned subsidiary of China Construction Bank, registered in Beijing with a registered capital of RMB 8 billion. It is one of the important platforms for China Construction Bank to diversify its business. Since its inception, CCB Financial Leasing has always been oriented towards shareholder development, supported the real economy, and actively fulfilled its social responsibilities. Customer-focused, it has been pursuing specialized, market-oriented and international development, and has worked relentlessly to improve its competitiveness in product innovation, market expansion, value creation, asset management and internal risk control, and to provide diversified financial leasing services for clients.

As the Chinese legal counselor for the underwriters, the DeHeng team was headed by lawyer Hou Zhiwei, partner of the Beijing Office, with primary support from Zhang Yan, Hu Xueyuan, Yang Jingjing, Xianyu Jiashan, Sun Yuehao and Wang Zhi. They worked closely with the issuer, underwriters and overseas lawyers to provide comprehensive, professional, efficient and premium legal services for the issuance.