Guangzhou Automobile Group Co., Ltd. closed its 2012 Phase I corporate bond offering on March 22th, 2013. The total offering size approved by CSRC was RMB6 billion. The offering (RMB4 billion) includes 5-year and 10-year tranches, with sizes of 1 billion and 3 billion respectively. Both the issuer and the bond are AAA-rated. CICC was the Sole Sponsor and Lead Manager.