Press Release

JPMFC acted as the Joint Lead Underwriter on First Phase of RMB 5 Billion Enterprise Bond Offering for Shenzhen Metro Group Co., Ltd.

RMB 5 Billion 10-year Enterprise Bond offering for Shenzhen Metro Group Co., Ltd. was successfully completed on March 27, 2013. The bond was approved to issue RMB 10 billion, with RMB 5 billion in the first phase. The offering yield was 5.4% (AAA/AAA). J.P. Morgan First Capital (JPMFC) acted a joint lead underwriter in this transaction with GF Securities, Guosen Securities, Morgan Stanley Huaxin Securities, CDB Securities and Ping’an Securities.

This is the first large scale subway enterprise bond in which JPMFC participated and this offering demonstrated JPMFC’s solid ability in underwriting large scale bond offerings.