Bank of China Limited. (601988.SH) successfully issued its 2017 Phase II NPA-backed Securities with Mar.28, 2017 as Bookbuilding date and Mar. 30, 2017 as Trust Establishment date. CICC acted as Lead Underwriter and Lead Bookrunner in this transaction.

The transaction is NPA-backed securities with a total offering size of RMB 536 MM. Since the finalization of the asset pool, CICC’s execution team efficiently completed a number of assignments from documentation preparation, regulatory approval to issuance filings, as we assisted the issuer in terms of asset pool selection, cash flow collection, rating communications, regulatory dialogue, issuance and sales and our efficient data handling and execution capability was highly recognized by the issuer. The sales force of the underwriters actively communicated with potential investors and achieved great offering result for the issuer.

The issuance of asset-backed securities represented CICC’s another successful cooperation with BoC in the ABS markets following BoC’s Phase I credit ABS in 2015 and Phase II MBS in 2015 and Phase III MBS in 2016 laying a solid foundation for more business opportunities going forward.