Press Release

J.P. Morgan First Capital acted as the lead underwriter for the First Capital Securities Co., Ltd.’s RMB 0.6 billion subordinate bond (2017 Tranche I)

2017-09-21

J.P. Morgan First Capital (“JPMFC”) acted as the lead underwriter for the RMB 0.6 billion subordinate bond (2017 Tranche I) issued by First Capital Securities Co., Ltd. (“the Issuer”) and successfully completed the issuance on August 9, 2017.

With the successful experiences on First Capital Securities Co., Ltd.’s subordinate bond issuance (2016 Tranche I and 2016 Tranche II) and with strong supports from the Issuer, the deal team helped issuer update the offering memorandum and complete the issue within a short period of time. The professional execution and communication capability were highly acknowledged by the client.

Under the current unfavorable market environment, the DCM team did an intense market sounding and communication with potential investors, and the total of RMB 0.6 billion were successfully raised eventually. The completion of this issuance provides strong supports for issuer’s capital demand in business development, and the team received high recognition from the Issuer for their smooth collaboration and effective execution.

The team highly appreciates all the supports for the deal, including those from the management and other colleagues of JPMFC.

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