Herbert Smith has recently advised Export-Import Bank of China (China Eximbank) on its issuance of RMB4 billion (US$635 million) bonds.

The bonds, to be issued by China Eximbank in Hong Kong on 5 April 2012, include a tranche of RMB3 billion (US$476 million) two-year bonds due 2014 and a tranche of RMB1 billion (US$159 million) three-year bonds due 2015.

Established in 1994, China Eximbank is a state bank solely owned by the Chinese government. It is headquartered in Beijing and is the only government export credit agency in mainland China.

The Herbert Smith team was led by corporate partner Tom Chau who advised on the Hong Kong law aspects of the transaction. He was supported by associate Arthur Xu.

The US securities team was led by partner Kevin Roy and supported by associates Jackie Chen and Bijun Huang.

Dispute resolution partner Mai Tai also advised on the transaction supported by associates Martin Wallace and Jessica Booth.

Tom Chau commented:

“We are delighted to have had the opportunity to work with China Eximbank on this significant bonds issuance. The Herbert Smith Greater China team once again demonstrated the depth and ability of our capital markets practice as well as how our integrated practice teams work closely together.”

Kevin Roy added:

“We are very pleased to have assisted in bringing this significant transaction to a successful completion. Particular credit should go to our associates who did an outstanding job.”

www.herbertsmith.com

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