28 April 2013
SCB China Has Successfully Issued Its 2013 Phase I Financial Bonds
Standard Chartered Bank (China) Limited successfully issued its 2013 Phase I Financial Bonds on April 11th, 2013. This transaction offered RMB5 billion for 3-year financial bonds at a coupon rate of 4.20%. SCB China and the Bonds are both AAA-rated. The transaction was the largest financial bond offering ever by a foreign bank within China. CICC acted as Lead Underwriter and Sole Book runner in the transaction.