Clifford Chance advised Hongkong and Shanghai Banking Corporation Limited who acted as lead manager in connection with the issue of bonds with a total volume of 1 billion Renminbi by KfW. The transaction is part of the KfW issue programme and is the first bond issued by KfW in the Chinese currency. The bond bears interest at a rate of 2% p.a. and its maturity is two years.
In addition to Hongkong and Shanghai Banking Corporation Limited as lead manager, Australia and New Zealand Banking Group Limited, Bank Vontobel AG, CITIC Bank International Limited, Standard Chartered Bank and The Toronto-Dominion Bank acted as co-managers.
The Clifford Chance team comprised partner Sebastian Maerker and senior associate Felix Biedermann (both Frankfurt), partner Matt Fairclough and associate Mark Chan (both Hongkong), associate Ryan Lin (Singapore) and partner Tiecheng Yang (Bejing) – all Capital Markets.
