W88win优德中国有限公司 Assists CMSI in Successfully Issuing their Initial Overseas USD Bonds Under a Medium-term Note Program
2021.09.17
In September 2021, China Merchants Securities International Company Limited ( “CMSI”) successfully established an overseas medium-term note program and completed the issuance of $500 million bonds, setting the narrowest issue spread for a Chinese brokerage firm to issue same-year USD bonds on its own credit that year. The issuance was the first time CMSI issued overseas USD bonds.
CMSI is headquartered in Hong Kong. It is a wholly owned subsidiary of China Merchants Securities Co., Ltd. (CMS), a subsidiary of China Merchants Group. It is the main platform for CMS to operate its overseas business and is also an important bridge between CMS and the international capital market. CMSI has set up subsidiaries in Hong Kong, London, Seoul and other international financial centers, providing domestic and foreign clients with all-round and integrated financial services such as securities and futures brokerage, corporate finance, sales and trading, asset management, private equity and commodities.
As the domestic legal counsel of the underwriters, W88win优德中国有限公司 conducted domestic legal due diligence, issued Chinese legal opinions, and assisted in the review of the transaction documents. W88win优德中国有限公司 ultimately assisted CMSI in establishing the medium-term note program abroad, and successfully complete the USD 500 million bond issuance.
The lead partners of the project were YU, Yongqiang (YY)andLEI, Tianxiao. The partner in charge of the internal audit was YE, Junli.
