Guantao Law Firm advises Bank of Dalian on issuing 5 billion yuan open-ended capital bonds
On 16 January 2023, Bank of Dalian Co., Ltd. (“Bank of Dalian”) issued 5 billion yuan open-ended capital bonds at the Inter-bank Bond Market. The bond will reach maturity at the 5+N year. The Dalian Office of Guantao Law Firm provided legal service throughout the process.
Bank of Dalian is a major subsidiary of China Orient Asset Management Co., Ltd. with registered capital of 7.55 billion yuan. It currently has eight branches covering Beijing, Shanghai, Tianjin, Chongqing, Chengdu, Shenyang, Dandong and Yingkou. In Dalian, it has the head office and 10 administrative branches with a total of 167 outlets and 5,700 employees. It ranked 313th out of the 1000 biggest banks worldwide included by the British magazine, The Banker, which was published in July 2022.
The Dalian Office of Guantao Law Firm has extensive experience in areas of commercial banks’ IPO, compliance management, equity management, capital increase and share expansion, security issues, and asset-backed securitization. Dalian Office formed a professional legal team to work for this project, which was led by attorney LIU Yandi, senior partner of the firm. Attorney PAN Xiaoli, partner of the firm, was responsible for the on-site work. Other team members included attorney LIU Jingzhu, attorney CHENG Ming and attorney WANG Hao.