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.
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.”
- Herbert Smith Advises Export-Import Bank of China on RMB2 Billion Bond Offering
- Herbert Smith Advises ICBC on Its First Overseas RMB Bond Issue
- Herbert Smith Advises on the Establishment of US$1.5 Billion Euro Medium Term Note Programme by Indonesia Eximbank and the First Issue of US$500 Million 3.75% Notes Issued under the Programme
- Herbert Smith Freehills Advises China Agri on Its US$526m Rights Issue
- Herbert Smith Freehills Advises on State Grid’s US$2 Billion Bond Offering