DeHeng Advised CMBI on Launching a USD 2 Billion

Medium-Term Note Scheme and

Withdrawing USD 600 Million of Bonds under It

2021-06-03

In June 2021, CMB International Capital Corporation Limited ("CMBI") launched a USD 2 billion medium-term note scheme overseas, and made the first withdrawal of a three-year USD 600 million senior fixed-rate unsecured bond with a coupon of 1.375%. The global coordinators of the issuance were CMBI Financing, CMB Wing Lung Bank, Bank of Communications Hong Kong Branch, China Construction Bank Asia and Standard Chartered Bank. The Agricultural Bank of China Hong Kong Branch, China Merchants Securities International, China Minsheng Bank Hong Kong Branch, China Ping An Securities (Hong Kong), Haitong International, Industrial Bank Hong Kong Branch, Nanyang Commercial Bank and OCBC Wing Hang Bank served as joint book-runners.

As the issuer's Chinese legal counsel, the DeHeng team was led by partner Hou Zhiwei, with primary support from Zhang Yan, Wen Bin, Wang Jing, Hu Xueyuan, Wang Yujia, Xianyu Jiashan, Sun Yuehao and Jiang Yue, and provided professional, comprehensive and high-quality legal services for the issuance.