DeHeng Assisted CMB International Capital Corporation Limited in Offshore Bond Issuance

2025-08-27

In August 2025, CMB International Capital Corporation Limited (CMBI) successfully issued USD 600 million in offshore bonds, marking the first time a Chinese securities firm has successfully issued a 5-year floating-rate instrument. The coupon rate for the 3-year floating-rate bonds is SOFR + 60 basis points, and for the 5-year floating-rate bonds, SOFR + 68 basis points.

As the PRC legal counsel for the issuer, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Liu Di, and Jin Songjin, assisted CMBI in successfully completing the issuance.