China Everbright Bank Co., Ltd. (CEB, 601818.SH) successfully completed its 2017 Tier-2 Bond (Phase I) issuance on March 6, 2017. A total of RMB 28 billion is offered. CICC acted as Lead Underwriter in this transaction.

A total size of RMB 28 billion is offered in this deal, with a maturity term of 5+5 years and a coupon rate of 4.60% per year. The transaction marks the largest financial bond and tier-2 bond issued by a commercial bank in 2017YTD, as well as the lowest offering interest for a tier-2 bond with the maturity 5+5 years issued in 2017YTD.

The tier-2 bond deal marks another important capital market financing service from CICC to Everbright Bank after the Bank’s reorganization in 2007, subordinate bond issuance in 2009, capital introduction through private placement in 2009, A-share IPO in 2010, H-share IPO in 2013, tier-2 capital bond issuance in 2014, the first phase of preferred stock offering in 2015, and the second phase of preferred stock offering in 2016, consolidating the long-term strategic partnership between CICC and Everbright Bank.