Clifford Chance Advises on Landmark Debut Dim Sum Bond Issuance Worth CNY4.5 Billion

"Clifford Chance has advised joint lead managers, including HSBC and Bank of China, on a landmark debut Dim Sum bond issuance totaling CNY4.5 billion. The issuance consists of three tranches with varying maturities and interest rates. Lead partner Angela Chan highlighted the significance of this transaction in showcasing the growing Dim Sum bond market and foreign interest in local funding. The team included support from associates and partners specializing in U.S. securities and tax law."

Clifford Chance advised the joint lead managers, which include Hongkong and Shanghai Banking Corporation Limited (HSBC), Bank of China, Standard Chartered Bank, CITIC Securities, and DBS Bank Ltd., on a landmark debut Dim Sum bond issuance. The transaction involved a three-tranche bond issuance with a total value equivalent to CNY4.5 billion. The offering consists of CNY1 billion at 2.5% due in 2030, CNY1.5 billion at 2.75% due in 2035, and CNY2 billion at 3.05% due in 2055. This marks the issuer's first bond issuance in Hong Kong. The legal team from Clifford Chance included lead partner Angela Chan, supported by senior associate Kenneth Ip and associate Valerie Chan, all based in Hong Kong. Additionally, partner Alan Yeung, also from Hong Kong, advised on certain U.S. securities law aspects, while partner Avrohom Gelber, based in the U.S., provided guidance on the U.S. tax aspects of the transaction.

Clifford Chance Advises on Landmark Debut Dim Sum Bond Issuance Worth CNY4.5 Billion

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