China Post Group Corporation (China Post) successfully completed 2017 corporate bond issuance (Phase I) (“17 Post 01”) with the offering size of RMB3.0 Bn. CICC acted as Joint Lead Underwriter.

China Post issued the 2017 corporate bond (Phase I) with a base offering size of RMB1.0 Bn, and an over-allotment option of up to RMB3.0 Bn. The final offering size was RMB3.0 Bn with a maturity of 3+2 years. Both the issuer and bond are rated AAA; the coupon rate was 4.48%.

CICC assisted China Post in fully exploring and effectively guiding investment demand, and achieved the RMB1.0 Bn base offering size with an over-allotment of RMB2.0 Bn.

This transaction was another cooperation between CICC and the Company following its introduction of strategic investors, H-share IPO and tier-2 capital bond issuance, laying a solid foundation for future cooperation.