Press Release

JPMFC acted as the joint lead underwriter on RMB 2.50 billion T-2 capital bond for Bank of Jinzhou Co., Ltd.

J.P. Morgan First Capital (“JPMFC”) acted as the joint lead underwriter for the RMB 2.50 billion T-2 capital bond offered by Bank of Jinzhou Co., Ltd. (“the Issuer”) and successfully completed the offering on October 27, 2016. The bond was priced at 4.30%.

The bond was approved by the PBoC on December 14th, 2016. The deal team, working closely with the Issuer, completed the material preparation and communication with the PBoC in just one week. The highly effective and professional execution paved the way for completing the offering within this year, and also gained the client’s high recognition and further strengthened the foundation for future potential cooperation.

The market yields kept increasing greatly as a result of tight liquidity at the end of December. Despite of this, the DCM team started market sounding right after the approval was granted. In one week, the team successfully issued the deal at a full size of 2.5 billion RMB, which is considered very remarkable by the market players.