New Issue: China Bohai Bank issues $300 million 1˝% notes due 2024 at 99.766

Chicago, Nov. 12 – China Bohai Bank Co., Ltd., Hong Kong Branch issued $300 million of 1˝% three-year notes (Baa3/BBB-) at 99.766, according to an offering memo.

The notes were issued under China Bohai Bank Co., Ltd.’s recently established $2 billion medium-term note program.

CLSA Ltd. is the listed arranger.

Joining as managers are Standard Chartered Bank, Bank of China Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, CCB International Capital Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB Wing Lung Bank Ltd., Haitong International Securities Co. Ltd., Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, ICBC (Asia) Ltd., CMBC Securities Co. Ltd., Bocom International Securities Ltd., China Everbright Securities (HK) Ltd., GF Securities (Hong Kong) Brokerage Ltd., CEB International Capital Corp. Ltd., Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), CMB International Capital Ltd., SPDB International Capital Ltd. and China Everbright Bank Co., Ltd., Hong Kong Branch.

Proceeds will be used for working capital purposes.

The commercial bank is based in Tianjin, China.

Issuer:	China Bohai Bank Co., Ltd., Hong Kong Branch
Issue:	Notes
Amount:	$300 million
Maturity:	Nov. 10, 2024
Bookrunners:	CLSA Ltd., Standard Chartered Bank, Bank of China Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, CCB International Capital Ltd., China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMB Wing Lung Bank Ltd., Haitong International Securities Co. Ltd., Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch, Industrial Bank Co., Ltd. Hong Kong Branch, ICBC (Asia) Ltd., CMBC Securities Co. Ltd., Bocom International Securities Ltd., China Everbright Securities (HK) Ltd., GF Securities (Hong Kong) Brokerage Ltd., CEB International Capital Corp. Ltd., Guotai Junan Securities (Hong Kong) Ltd., China International Capital Corp. Hong Kong Securities Ltd., China Zheshang Bank Co., Ltd. (Hong Kong Branch), CMB International Capital Ltd., SPDB International Capital Ltd. and China Everbright Bank Co., Ltd., Hong Kong Branch
Counsel to issuer:	Clifford Chance and King & Wood Mallesons
Counsel to bookrunners:	Linklaters and Haiwen & Partners
Coupon:	1˝%
Price:	99.766
Call features:	Non-callable except for taxation reasons
Trade date:	Nov. 3
Settlement date:	Nov. 11
Ratings:	Moody’s: Baa3
	S&P: BBB-
Distribution:	Regulation S
ISIN:	XS2405490850

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