CSC Financial MTN program update and CNY2.7 billion notes drawdown
We advised CSC Financial on the program update and drawdown
Davis Polk advised CSC Financial Co., Ltd. as English law counsel and HKEX listing agent in connection with the update of the $4 billion medium-term note (MTN) program of CSCIF Hong Kong Limited. The program is guaranteed by CSC Financial Co., Ltd., or China Securities (International) Finance Holding Company Limited, with the benefit of a keepwell deed provided by CSC Financial Co., Ltd. We also advised CSC Financial on the offering of CNY2.7 billion of 2.48% notes due 2027 under the $4 billion MTN program. These notes were guaranteed by China Securities (International) Finance Holding Company Limited with the benefit of a keepwell deed entered into by CSC Financial Co., Ltd., pursuant to Regulation S.
CSC Financial is a leading large full-service investment bank in the PRC, listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The principal businesses of CSC Financial comprise four segments: investment banking, wealth management, trading and institutional client services, and asset management.
The Davis Polk corporate team included partner James C. Lin, counsel Bingqing Pan and registered foreign lawyer Anlei Zuo. All members of the Davis Polk team are based in the Hong Kong office.