Aimed at raising funds to combat the coronavirus outbreak, Linklaters and King & Wood Mallesons have advised the Agricultural Development Bank of China on the $215.6 million issuance of dim sum bonds in Hong Kong, with Clifford Chance and JunHe advising the joint global coordinators, bookrunners, lead managers and underwriters. These are the first dim sum bonds to raise funds to help combat the coronavirus outbreak.
The joint bookrunners and lead managers include the Bank of China, Bank of China (Hong Kong), Standard Chartered Bank, Bank of Communications’ Hong Kong Branch, Agricultural Bank of China’s Hong Kong Branch, China Construction Bank (Asia), Industrial and Commercial Bank of China (Asia), Shanghai Pudong Development Bank’s Hong Kong Branch, China CITIC Bank International, Mizuho Securities Asia, KGI Asia, Crédit Agricole Corporate and Investment Bank and CTBC Bank.
The Linklaters team was led by partner William Liu, and the Clifford Chance team by partner Mark Chan. The JunHe team was led by partner Yongqiang Yu.