Deutsche Bank (China) Co., Ltd., as the exclusive lead underwriter and book-runner, has recently completed the issuance of the first phase of privately placed debt financing instrument (Bond Connect) for China Orient Asset Management Co., Ltd (hereinafter referred to as "Orient China"). The bond has a maturity of two years and the final issue size is CNY 500 million. This transaction also marks the first time for a foreign-funded bank to act as the exclusive lead underwriter or book-runner in the China interbank bond market.

Relevant Policy

Official Reply of the State Council on the Working Plan for Deepening a New Round of Comprehensive Pilot Projects of Further Opening up the Service Sector, and Building a Comprehensive Demonstration Zone for Further Opening up the National Service Sector in Beijing (Guo Han [2020] No.123)

Extended Reading

Samuel Fischer, head of China onshore debt capital markets at Deutsche Bank, said, "Deutsche Bank is one of the two foreign-funded banks operating in China to receive the most comprehensive underwriting license in the China interbank bond market. This bond issue demonstrates our determination and strength to cultivate our capital market business in China, and also well speaks to the achievements China has made in opening up its domestic capital market."

Orient China is mainly engaged in businesses such as debt investment, equity investment, financial advisory and management consulting. Its parent company, China Orient Asset Management (International) Holdings Limited, as an entity with an international investment grade rating, has guaranteed this bond issue for Orient China.