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JIC Zhixin Limited has listed on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE) with issuance of €500m bonds. The bonds, with a 0.5% interest rate, have a maturity date of November 2020. JIC Zhixin Limited is a wholly-owned subsidiary of JIC International Limited which in turn is a wholly-owned subsidiary of China Jianyin Investment Limited (JIC), a State-owned enterprise.
About JIC
JIC is an integrated investment group focused on equity investments in financial services, industrial manufacturing, culture and consumption, information technology and other sectors.
JIC has 14,000 employees around the world, and approximately 120 subsidiaries that are wholly or partly owned and operating across Mainland China, Hong Kong SAR and oversea markets.
Clifford Chance acted as legal advisors to the issuer and Linklaters acted as legal advisors to the joint lead managers on this deal.
ISE is European listing venue of choice for Chinese issuers
In addition to this listing, the ISE has a number of listings from Chinese companies including Industrial and Commercial Bank of China, Export-Import Bank of China, HNA Group, Shougang Corp., Fosun International and China Three Gorges Corp.
ISE is #1 venue worldwide for listing bonds
The ISE offers a choice of two bond markets, the Main Securities Market (MSM) and the GEM. Between them these markets have over 30k bonds listed making the ISE the leading exchange in the world for total bond listings according to the World Federation of Exchanges.
