DeHeng Assisted CMB Financial Leasing Co., Ltd. Again in Overseas Bond Issuance

2024-06-11

In June 2024, CMB Financial Leasing Co., Ltd., through its subsidiary, issued USD 500 million in 3-year green floating-rate bonds under its updated USD 20 billion Medium Term Note Program.

This issuance marked the first publicly offered floating-rate bond by a Chinese leasing company in USD since 2021 and achieved the lowest spread for a 3-year floating-rate bond by a Chinese leasing company. It also set a record for the narrowest spread compression globally for such bonds since 2019, reflecting strong market confidence in CMB Financial Leasing and enhancing its image as a global, market-oriented company. 

As the issuer’s PRC legal counsel, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Hu Xueyuan, Zhang Hong, and Wang Hetong, assisted the client with the completion of this issuance.