Clifford Chance
Clifford Chance advises on first dim sum bonds to combat coronavirus
26 February 2020
Clifford Chance advises on first dim sum bonds to combat coronavirus
Leading international law firm Clifford Chance has advised the joint global coordinators, joint bookrunners and joint lead managers on the Agricultural Development Bank of China (ADBC)'s CNY1.5 billion 3.40 percent five-year bonds which have been consolidated into and form a single series with the CNY3 billion 3.40 percent five-year bonds issued on 6 November 2019 by ADBC. These are the first dim sum bonds to raise funds to help combat the coronavirus outbreak.
The joint bookrunners and joint lead managers include the Bank of China Limited, Bank of China (Hong Kong) Limited, Standard Chartered Bank, Bank of Communications Co., Ltd. (Hong Kong Branch), Agricultural Bank of China Limited (Hong Kong Branch), China Construction Bank (Asia) Corporation Limited, Industrial and Commercial Bank of China (Asia) Limited, Shanghai Pudong Development Bank Co., Ltd., (Hong Kong Branch), China CITIC Bank International Limited, Mizuho Securities Asia Limited, KGI Asia Limited, Crédit Agricole Corporate and Investment Bank and CTBC Bank Co., Ltd.
Partner Mark Chan led on the deal, with support from partner David Tsai, senior associate Nathan Wong and associate Nicoll Gnoh.
Mark said, "We are proud to advise on this first of its kind transaction which will provide capital for ADBC's development of rural areas, as well as financing loans and other financial support to help prevent and control the spread of the coronavirus."
高伟绅为首个抗击新冠肺炎疫情主题点心债券提供咨询
国际领先律师事务所高伟绅律师事务所（Clifford Chance）就中国农业发展银行（“农发行”）发行15亿元人民币、息率3.40％的五年期债券，向项目的联席全球协调人、联席账簿管理人和联席牵头经办人提供法律服务。该债券与农发行于2019年11月6日发行的30亿元人民币、息率3.40％的五年期债券合并形成单一系列。这是就应对中国新型冠状病毒感染肺炎疫情防控工作筹集资金所发行的首个点心债券。
联席账簿管理人及联席牵头经办人包括中国银行股份有限公司、中国银行（香港）有限公司、渣打银行、交通银行股份有限公司（香港分行）、中国农业银行股份有限公司（香港分行）、中国建设银行（亚洲）股份有限公司、中国工商银行（亚洲）有限公司、上海浦东发展银行股份有限公司（香港分行）、中信银行（国际）有限公司，瑞穗证券亚洲有限公司、凯基证券亚洲有限公司、法国东方汇理银行以及中国信托商业银行股份有限公司。
本项目由高伟绅香港办公室合伙人陈方中律师牵头负责，由香港办公室合伙人蔡重阳律师、高级律师黄乐恒以及律师伍汉榕提供支持。
陈方中表示：“我们很荣幸有机会为本次交易提供咨询，这笔交易将为农发行支持乡村振兴战略重点领域提供资金，并为应对中国新型冠状病毒感染肺炎疫情防控相关工作提供信贷和其他财务支持。”
