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| Bank of Beijing RMB 3.5 billion 2011 Tranche I Subordinated Bonds Offering |
| As joint lead underwriter for Bank of Beijing¡¯s 2010 and 2011 subordinated bonds offerings, CSFS capitalized on the most favorable offering window and explored potential demands of investors, which led to the recently lowest coupon rate of this offering under the background of PBOC¡¯s two interest rate hikes. CSFS is well-recognized by the leaders of the issuer for our strong distribution capability. |
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