22 June, 2016
King & Wood Mallesons has advised the joint lead managers as international counsel in relation to the issuance of 2.50 per cent guaranteed notes due 2021 with an aggregate principal amount of US$500,000,000 by ABCL Glory Capital Limited, a wholly-owned subsidiary of Agricultural Bank of China Limited (ABC). The notes are unconditionally and irrevocably guaranteed by Agricultural Bank of China Limited Hong Kong branch.
Commenting on the deal, King & Wood Mallesons partner Hao Zhou said, “We are delighted to have represented the lead managers in another significant transaction in the PRC financial service sector. The combination of our local depth and global platform has delivered a landmark transaction for our client.”
ABC is a leading commercial bank in China in terms of total assets, total loans and total deposits. With over 23,600 domestic branches, ABC is one of the most recognised financial services brands in China.
The KWM international team was led by Hong Kong-based partner Hao Zhou, supported by senior associate Michael Lu.
