Linklaters advises China Development Bank Financial Leasing on the first ever offshore regulatory capital issuance by a mainland Chinese leasing company
Linklaters advised China Development Bank Financial Leasing Co., Ltd. (CDBL) on its US$700m Tier 2 capital bonds issuance, with an initial interest rate of 2.875%. This is CDBL’s debut offshore regulatory capital issuance and the first ever offshore regulatory capital issuance by a mainland Chinese financial leasing company.
The transaction was led by Linklaters’ capital markets partners Michael Ng, Terence Lau and Hanwen Yu, with support from managing associate Libin Shi.
Linklaters’ capital markets team has extensive bond issuance experience and outstanding product innovation capabilities. In addition to CDBL’s offshore regulatory capital issuance, Linklaters has worked on many ‘first’ transactions in the China market, including the first ever Basel III capital issuance by a mainland Chinese bank, the first C-ross capital issuance for a mainland Chinese insurer, and the first capital issuance for a mainland Chinese asset management company
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