CITIC Securities, Morgan Standley Huaxin Securities, and Orient Securities acted as lead underwriter for the bonds, Deloitte China as auditor and Dacheng as legal advisor for the issuer. The team was composed of senior partner Guo Qing, associate Sun Qiming and paralegal Wang Yunsong.
Beijing Dacheng Law Offices, LLP ("大成") is an independent law firm, and not a member or affiliate of Dentons. 大成 is a partnership law firm organized under the laws of the People’s Republic of China, and is Dentons' Preferred Law Firm in China, with offices in more than 50 locations throughout China. Dentons Group (a Swiss Verein) ("Dentons") is a separate international law firm with members and affiliates in more than 160 locations around the world, including Hong Kong SAR, China. For more information, please see dacheng.com/legal-notices or dentons.com/legal-notices.
Dacheng Advises China Development Bank on Issuance of Tier 2 Capital Bonds
To uplift its capital adequacy ratio and enhance operative capabilities, China Development Bank issued RMB12bln worth of 2014 CDB Tier 2 Capital Bonds at the interbank bond market by means of tendering, with approval from People’s Bank of China and China Banking Regulatory Commission. The ten-year-term unguaranteed bonds would be repaid following payment to depositors and general creditors and before shareholders and other Tier 1 capital instruments and hybrid securities holders.
CITIC Securities, Morgan Standley Huaxin Securities, and Orient Securities acted as lead underwriter for the bonds, Deloitte China as auditor and Dacheng as legal advisor for the issuer. The team was composed of senior partner Guo Qing, associate Sun Qiming and paralegal Wang Yunsong.
CITIC Securities, Morgan Standley Huaxin Securities, and Orient Securities acted as lead underwriter for the bonds, Deloitte China as auditor and Dacheng as legal advisor for the issuer. The team was composed of senior partner Guo Qing, associate Sun Qiming and paralegal Wang Yunsong.