Effectuated in July 2023, this dual-currency syndicated loan equivalent to 917 million US dollars is the first overseas syndicated loan organized by Fehorizon since the end of COVID-19 and was received with great enthusiasm in the market. Eventually, it was over-subscribed by 1.5 times, its participants including domestic and overseas renowned banks such as CMB Wing Lung Bank, Bank of Communications, China Citic Bank International, Mizuho Bank, Mitsubishi UFJ Bank, China Construction Bank, Hang Seng Bank, United Overseas Bank, China Development Bank, Bank of East Asia and China Minsheng Bank.

CMB Wing Lung Bank played a leading role in this syndicated loan. At the reciprocal banquet, Vice President Wang Fan of the Hong Kong Branch of China Merchants Bank delivered an opening speech on behalf of the Bank.

First of all, Vice President Wang Fan congratulated Fehorizon on the successful issuance of its USD syndicated loan. He expressed that in over 20 years, CMB Wing Lung Bank and its peers together have witnessed the gradual evolution of Fehorizon from a single financial service provider into an integrated industrial operation service provider backed by the mainland, based in Hong Kong and influencing Southeast Asia. The impressive achievements of Fehorizon can’t do without its outstanding ability to organize resources and increase value, and also rely on the continuous support of financial institutions. Against the backdrop of global economic slowdown and changing external environment, we should even more advance hand in hand and strengthen cooperation with excellent enterprises.

Later, Executive Director and CFO of Fehorizon Mr. Wang Mingzhe extended a warm welcome to the attending guests from various banks, and expressed genuine gratefulness for their long-term trust and support.  

Mr. Wang Mingzhe said, according to the recently released 2023 interim results of Fehorizon, the Company has maintained sustained and steady development on the whole, and CDHORIZON (an equipment operation service provider under Fehorizon) has been successfully carved out and listed, which effectively proves the correctness of the “finance + industry” strategy upheld by Fehorizon over the years. With S&P outlook on Fehorizon’s credit ratings and stand-alone credit profile (SACP) both improved, the Company has become one of the few financial institutions mainly operating in mainland China to receive such affirmation. Fehorizon has received A in MSCI ESG ratings for two years in a row with its score further increased, which takes it to the forefront of China’s financial industry. Over the years, the Company has persisted in serving real economy while its business foundation has been consolidated increasingly; furthermore, its exceptional ability to manage and control risks and team of professionals have helped the Company to withstand the test of a volatile environment in the past years. With this reciprocal banquet as a new starting point, it is hoped that we can further deepen our whole-hearted cooperation in the future and together achieve a mutually beneficial and win-win situation amid challenges.