Linklaters advises on three major bond issues as leading Chinese banks back London as a financial centre

Linklaters has advised on three capital markets deals that  are being marked at London Stock Exchange listing ceremonies taking place in London this week to coincide with President Xi Jinping’s first state visit to the UK. 

Linklaters advised China Development Bank as it issued a multi-currency bond deal. The deal is China Development Bank’s first foreign currency issuance in more than 10 years.  

The Linklaters team is led by Capital Markets partners William Liu and Andrew Carmichael.  

Linklaters also advised the lead managers as China Construction Bank sold CNY 1bn 4.3% bonds due 2017 in London. The bond will be listed on the regulated market of London Stock Exchange and proceeds will be used for general corporate purposes. 

The Linklaters team advising the lead managers was led by Capital Markets partners Hwang Hwa Sim and Andrew Carmichael.  

Linklaters also advised the lead managers as Agricultural Bank of China, the country’s third-largest listed lender, completed its debut sale of $1billion two currency bonds in London. The issuance is the first green bond from a Chinese bank. 

The Linklaters team, advising the managers on the transaction, was led by Capital Markets partners William Liu, Andrew Carmichael and Hwang Hwa Sim.  

William Liu, Head of Greater China Capital Markets at Linklaters, says “The London Stock Exchange  listing of Bonds issued by three  of the leading Chinese banks marks a major commitment to London as a financial centre. It helps in building the Golden Era referred to by Prime Minister David Cameron  in relations between the PRC and UK. As a London-headquartered law firm, Linklaters is very pleased to assist on the transactions.” 

For further information, please contact Surinder Sian on +44 207 456 4842 or Katrina Williams on +85 229 015 274