Junzejun Honors | Junzejun was awarded the "Best Bond and Stock Linked Bond Trading of the Year" award at the 2022 IFLR Asia Pacific Awards

2023-04-19
299
Author: Lawyer Jun Zejun
Source: WeChat Official Accounts
Junzejun Honors | Junzejun was awarded the \

JunZeJun Awards

Honor of Jun Zejun

On March 17, 2022, the authoritative legal and financial media International Financial Law Review (IFLR) announced the winners of the 2022 IFLR Asia Pacific Awards Wang Xinrun and others, who served as Chinese legal advisors, were awarded the "Deal of the Year: Debt and Equity Linked Notes" award for the "Bank of China Sustainability Re linked Notes" project.

Junzejun Honors | Junzejun was awarded the \

Project Overview

Beijing Junzejun Law Firm, as the issuer's legal advisor in China, assisted Bank of China London Branch in successfully completing the pricing of the world's first sustainable development re linked bond of $300 million overseas. This issuance is an important innovative practice for Bank of China to enrich its ESG financial product system and promote sustainable development of the real economy.

Sustainable development linked bonds refer to bonds that raise funds to support sustainable development linked loans. The coupon rate is indirectly linked to the achievement of ESG performance targets for underlying loans, and is adjusted accordingly with the fluctuation of loan interest rates.

Unlike green loans, sustainable development linked loans are not limited to specific projects. Bank of China has designed and issued this product with the aim of promoting financing in the ESG financial sector, providing risk-controllable opportunities for bond investors to participate in sustainable development linked loans, and incentivizing economic entities to pay attention to and continuously improve ESG performance such as carbon emissions reduction.

This issuance is a three-year US dollar fixed interest product, issued by Bank of China London Branch, to raise funds to support sustainable development linked loan projects in industries such as tourism, funds, trade, manufacturing, and warehousing.

Junzejun Law Firm has rich experience in the issuance of bonds by Chinese financial institutions in the international market. Prior to this, Junzejun Law Firm served as a Chinese legal advisor in multiple projects related to the issuance of bonds by Bank of China's overseas branches.

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