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CISI Completes USD3BN Multi-Tranche Senior Bond Offerings for Chemchina

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CISI Completes USD3BN Multi-Tranche Senior Bond Offerings for Chemchina PRESS RELEASE CISI Completes USD3BN Multi-tranche Senior Bond Offerings for ChemChina (Hong Kong, 13 July 2017) China Industrial Securities International Financial Group （“CISI” or the “Group”, stock code: 8407.HK）completed a Reg S USD3bn Multi- tranche senior unsecured bond offering (the “Transaction”) for China National Chemical Corporation (“ChemChina”) on 13 July 2017 as the Joint Bookrunner. The Transaction included USD500mm 3-year bond, USD1.5bn 5-year bond, and USD1.0bn 10-year bond, with coupon rate of 3%，3.5%，4.125% respectively. The expected rating of the senior bond is BBB by S&P and A- by Fitch, and will be listed on the Singapore Stock Exchange(SGX). Since ChemChina is a Chinese key state-owned enterprise, which is not common in international debt capital market year-to-date, the Transaction attracted extensive market attention in the roadshows. The order book of the three tranches were 3.9x oversubscribed, as the orders mounted to USD11.7bn with overwhelming demand from global investors, mostly from Asia and Europe. The final prices, which were 3.027% or T3+150bps，3.532% or T5+165 bps，4.178% or T10+185 bps respectively, tightened by 35 bps from the initial price guidance. The bond also received warm response in the secondary market, as the prices of all tranches rose after the completion of the issuance. CISI served as the Joint Bookrunner of the Transaction as well as the only overseas investment bank with PRC brokerage firm background in the syndicate group. Other syndicate banks in the Transaction included BNP PARIBAS, BOC International, China CITIC Bank International, Credit Suisse, HSBC (B&D), Morgan Stanley, Cr é dit Agricole CIB, Natixis, Rabobank, Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch, UniCredit, Industrial Bank Co., Ltd. Hong Kong Branch. CISI’s DCM business has been growing fast since its commencement in 2016. The team has completed various bond issuance and underwriting projects including senior debt, subordinated debt and convertible bond, with clients from different industries including finance, and made great achievements in both public offering and private placement. In the Transaction, CISI has demonstrated its excellent distribution If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail. capabilities and solid client base in the international debt capital markets as the Joint Bookrunner. – END – About CISI China Industrial Securities International Financial Group ( “CISI” or the “Group”, Stock Code: 8407.HK) is an integrated financial group providing full spectrum of financial services including securities brokerage, global futures trading, investment banking, asset management, fixed income, and private wealth management, etc. CISI acts as a bridgehead for Industrial Securities Co., Ltd. (“Industrial Securities”, Stock Code: 601377.SH), the parent company and controlling shareholder of CISI, to spearhead its expansion into global financial markets. Industrial Securities is a leading brokerage firm in China. It was the 16th biggest brokerage firm in China by revenue (CNY8.6 billion) in 2015, according to a ranking of 125 security firms by Securities Association of China. Since the commencement of business in 2012, CISI has founded a solid foundation and becomes one of the major full-service investment banks with mainland roots in Hong Kong. After reorganization, CISI was successfully listed on the Growth Enterprise Market of HKEx on 20 October 2016, under stock code: 8407.HK. CISI official website: http://www.xyzq.com.hk CISI WeChat QR code: For further information, please contact: China Industrial Securities International Financial Group Limited Ms. Leslie Wu Contact Number: (852)3509 5978 Email: [email protected] If there is any inconsistency or ambiguity between the English version and the Chinese version, the Chinese version shall prevail. .
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