The Bank of Communications issued RMB60 billion (USD8.59 billion) worth of special-purpose financial bonds to fund small and medium-sized enterprise loans.
Jincheng Tongda & Neal provided legal advice, with senior partners Lu Jiangxia and Xia Mingliang leading the team and assistance from partners Zhang Lei and Yao Wei.
The bond will be issued in two tranches, on 15 June 2022 and 9 December 2022, both with a term of three years. The coupon rate of the first tranche is 2.75% and the second tranche is 2.98%. All funds raised will be used to issue small and medium-sized enterprise loans.
