Press Release

First Capital Investment Banking Co., Ltd (“FCIB”) acted as the lead underwriter for the RMB 0.8 billion subordinate bond (2020 Tranche I) issued by First Capital Securities Co., Ltd. (“the Issuer”) and successfully completed the issuance on March 20, 2020.

First Capital Investment Banking Co., Ltd (“FCIB”) acted as the lead underwriter for the RMB 0.8 billion subordinate bond (2020 Tranche I) issued by First Capital Securities Co., Ltd. (“the Issuer”) and successfully completed the issuance on March 20, 2020.

During the execution of the bond, the project team communicated with SZSE made preparations for the recordation in advance and successfully completed the relevant work before the issuance, which fully reflected the execution ability and communication and coordination ability of the project team and was fully recognized by the issuer.

The DCM team has communicated with sales fully and set a reasonable term structure that meets the needs of market investors. In the case of investors’ low acceptance of subordinated debts of securities companies, owing to the collaboration of Fixed Income Department, Corporate Business Department, Beijing Branch, Asset Management Department, Fund Subsidiary Departments to carry out a wide range of in-depth inquiry and promotion. the total of RMB 0.8 billion were successfully raised eventually. The deal received 1.6 times subscription, and the final issuance rate was 5.0%, which was significantly lower than comparable bonds. The completion of this issuance provides strong supports for issuer’s capital demand in business development at a lower cost, and the team received high recognition from the Issuer for their smooth collaboration and effective execution.