Press Release

JPMFC acted as the sole lead underwriter on RMB 1 billion enterprise bond offering for Anyang Investment Group Co., Ltd.

RMB 1 billion 7-year Enterprise Bond offering for Anyang Investment Group Co., Ltd was successfully completed on 19th April 2012 and listed in the inter-bank market on 24th April 2012. The offering yield is 8.00% (AA/AA rated, 20% repayment of principal at the end of 3th, 4th, 5th, 6th and 7th year respectively). J.P. Morgan First Capital (“JPMFC”) acted as the sole lead underwriter in this transaction.

The offering yield of the bond is relatively lower compared with other city investment bonds with similar ratings issued recently, which showcases our strong bond pricing expertise in domestic enterprise bond market. Its successful execution helps further strengthen JPMFC’s competitiveness in city investment bond deals and the influence on the market.