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CCB International Successfully Issued RMB Bonds for China Construction Bank

2008-10-06

6 October 2008 –CCB International, along with Standard Chartered Bank and China Construction Bank (Asia), acted as the joint lead arranger for a two-year, RMB3 billion Renminbi-denominated retail bonds issuance in Hong Kong for China Construction Bank from 29 August 2008 to 5 September 2008. During the subscription period, the 19 placing banks received subscription applications amounting to approximately RMB5.2 billion under the retail offering and the joint lead arrangers received subscription orders of approximately RMB 3.2 billion under the institutional offering. The total application amount is approximately 2.8 times of the total issue size, which indicates a strong market interest in the bonds issuance. The total number of retail applicants exceeds 40,000. The net proceeds raised will be used by China Construction Bank as general working capital and for its internal operation. CCB International officiated the bonds issuance at a launch ceremony at Conrad Hotel on 27 August 2008. Mr. Joseph Yam, Chief Executive of Hong Kong Monetary Authority, Mr. Wang Bingxin, Director General of Economic Affairs Department of The Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region, Mr. Xie Duyang, Chairman of the Board of Supervisors of China Construction Bank and Mr. Fan Yifei, Vice President of China Construction Bank played host to over 50 prominent guests from the financial sector at the ceremony. The successful bonds offering has further consolidated the leading position of CCB International as an investment bank. It underscores not only the extensive institutional and retail sales network of CCB International, but also the comprehensive investment banking system of the company. The bonds issuance will be one of the CCB International's remarkable achievements this year following its role as a joint sponsor and joint lead manager for the successful listing of China Shanshui Cement Group Limited, and as a financial adviser to CNNC Overseas Uranium Holdings Limited for its acquisition of a controlling stake in a listed company in Hong Kong and as a financier for the resulting general offer.

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