The recent issuance of two billion yuan-denominated ($318 million) bonds by the Export-Import Bank of China (China Ex-Im Bank) in Hong Kong saw four law firms acting on the transaction.

Half of the notes are due in 2017, while the other half will mature in 2027. The five-year tranche saw a demand of 2.3 billion yuan with more than 50 accounts participating, and the 15-year portion saw orders for more than 2.5 billion yuan from 38 accounts, according to the IFR.

In March, the state-owned China Ex-Im Bank made shorter term offerings – of two and three years – with a total size of four billion yuan ($636 million).

The issuer was represented by a Greater China-based Herbert Smith team led by Beijing partner Tom Chau and U.S. securities partner Kevin Roy. The China Ex-Im Bank, meanwhile, was advised on PRC law aspects by Jun He Law Offices. Acting for the underwriters on Hong Kong law and PRC law were Linklaters and King & Wood Mallesons respectively.

Liu Zhen is North Asia senior journalist at ALB. Follow her on Twitter: @ALB_Magazine.

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