The reporter learned on March 24 that Deutsche Bank (China) Co., Ltd. (hereinafter referred to as “Deutsche Bank China”) recently assisted Far East International Financial Leasing Co., Ltd. (hereinafter referred to as “Far East leasing”) to successfully issue the first phase of medium-term notes in 2022. As the co lead underwriter, Deutsche Bank China successfully assisted Far East leasing to lock in a suitable issuance window and complete the issuance of RMB 1 billion in the recent volatile market environment.
Far East International Financial Leasing Co., Ltd. is a core enterprise in the field of Far East Hongxin financial services and a leading financial leasing service provider in China. This transaction is the first medium and long-term variety issuance of Far East leasing in Bank Of China Limited(601988) inter market since this year, adjusting the debt maturity structure of Far East leasing. The term of the current bond is 2 years, and the final coupon rate is 3.66%, 34 basis points narrower than the initial marginal interest rate.
Qiu Yunping, President of Deutsche Bank China, said that during the period of close cooperation with far east leasing, Deutsche Bank China gave full play to the advantages of cross departmental and cross regional teamwork, relied on its products and service capabilities in credit, foreign exchange and capital markets, met its financial needs at different stages of development from the perspective of customers, and provided customized solutions in line with the domestic and foreign financing needs of Far East leasing and its parent company, Help enterprises develop steadily in a challenging market environment.
Zhongrui, the head of Deutsche Bank’s China debt capital market department, said that he was pleased to assist the successful issuance of debt financing instruments of Far East leasing again. Through the continuous communication between the team and investors, the bonds attracted the participation of 10 institutional investors of different types, including commercial banks, financial management companies, securities companies, asset management, insurance institutions and so on, realizing a relatively diversified investor structure. The final issuing interest rate is close to the recent secondary trading level of the market, which reflects the market’s credit recognition of Far East leasing.
