Press Release

JPMFC acted as the joint lead underwriter on RMB 2 billion financial bond offering for Fudian Bank Co., Ltd.

J.P. Morgan First Capital (“JPMFC”) acted as the joint lead underwriter on the recent RMB 2 billion 3-year financial bond offering by Fudian Bank Co., Ltd. (“the Issuer”) and successfully completed the offering on Dec 23rd, 2014.

The financial bond was successfully issued at the end of December despite of the extremely tight liquidity at that time. In order to accurately price the bond, the DCM team kept in-depth communication with potential investors, closely monitored market trends, and launched the bond with a reasonable price range.  The deal received 1.3 times subscription, eventually priced the coupon rate at 5.10% which is lower than the market average, and thus received high recognition from the Issuer.