Press Release

JPMFC acted as the sole lead underwriter on RMB 600 million 91-day commercial paper offering for first capital securities Co., Ltd.

RMB 600 million 91-day Commercial Paper offering for First Capital Securities Co., Ltd. was successfully completed on 14th August, 2013. The yield rate was 5.05% (AA/A-1). J.P. Morgan First Capital (JPMFC) acted as the sole lead underwriter.

Following two previous successful issuances in March and May, JPMFC, working closely with First Capital Securities, once again succeeded in striking the deal, with a lower yield rate than expected, despite the adverse market conditions. The transaction gained recognition from regulators, other market participants and JPMFC’s shareholders.