China South Locomotive and Rolling Stock Corporation Limited successfully completed its 2013 Phase I Corporate Bond Issuance on April 24th, 2013. The total approved size of the issuance is RMB5 billion. The Phase I had a total offer size of RMB3 billion, including a 5-year tranche of RMB1.5 billion and a 10-year tranche of RMB1.5 billion. The issuer and the debts are both AAA-rated. CICC acted as Sole Sponsor and Joint Lead Underwriter.