Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE

Home
Home
Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE

Our team advised Bank of China the issuance, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE

Cliffe Dekker Hofmeyr represented the Bank of China’s Johannesburg Branch.

1 Jun 2018 1 min read Featured work

Related sectors

Debt Capital Markets
Private Equity

Bank of China is one of the five largest state-owned commercial banks in the People's Republic of China. Our capital markets team advised this prestigious client in the issuance, in December 2017, of ZAR 350 million unsecured floating rate notes on the Interest Rate Market of the JSE. The issuance was made under the Bank of China’s ZAR 15 billion domestic medium term note programme.

You might also be interested in

19 Jun 2025

by Sammy Ndolo and Nicole Gacheche

Cabinet Secretary approval required before loan interest rate adjustments: Clarification by the Supreme Court

The Central Bank of Kenya (CBK) is reviewing its current risk-based credit pricing model. This model involves banks setting their lending rates based on the CBK’s base rate and a borrower’s risk profile, rather than applying a uniform interest rate. Borrowers with a higher risk profile get higher interest rates on their loans. This model has, however, led to some banks overcharging their clients and imposing additional fees that exceed the true underlying risk. As a result, CBK is proposing to introduce a new model where all loan interest rates will be tied to the Central Bank Rate plus a clear, bank-specific margin that will be published 30 days before any change.

Banking, Finance & Projects

6 min read

23 Apr 2025

by Njeri Wagacha

Njeri talks to Disha Copreaux, Chief Executive Officer at Red Lands Roses

This month, Njeri speaks with Disha Copreaux, CEO of Redland Roses—a boutique rose farm located in Ruiru, Kenya, specialising in high-quality spray roses for the luxury export market.

42:03 Minutes

8 Oct 2025

by Nastascha Harduth and Gaby Wesson

Delinquency: The corporate reckoning of directors

The Supreme Court of Appeal’s (SCA) decision in Msibithi Investments and Others v African Legend Investment and Others ZASCA 61 is a crisp reminder that the ability to declare a director delinquent in terms of section 162 of the Companies Act 71 of 2008 (Companies Act) has real teeth. The judgment distils the core of delinquency under section 162(5)(c)(iv): egregious breaches of fiduciary duties that are neither technical nor trivial are sanctionable.

Corporate Debt, Turnaround & Restructuring

5 min read

7 Mar 2025

by Sentebale Makara

Ramaphosa’s Whistleblower Protection Bill: A Step Toward Ending Corruption or Just a First Step

Sentebale Makara, Director in the Dispute Resolution practice recently joined Kwena Moabelo on Power FM to discuss 'Ramaphosa’s Whistleblower Protection Bill: A Step Toward Ending Corruption or Just a First Step?'

Dispute Resolution

05:46 Minutes

13 Feb 2025

by Alex Kanyi, Stella Situma, Denis Maina and Ian Ounoi

Disposal of seized motor vehicles by banks, through auction, is subject to VAT

In a landmark ruling in KCB Bank Kenya Limited v Commissioner Legal Services & Board Co-ordination (Tax Appeal E023 of 2024) , the Tax Appeals Tribunal (Tribunal) held that value-added tax (VAT) is chargeable on the disposal of seized assets, including the sale of motor vehicles through auctions by a bank to recover its debts.

Banking, Finance & Projects

5 min read

5 Feb 2025

by Yaniv Kleitman and Yusuf Omar

Non-executive, non-negotiable: Social and ethics committee membership

A recent ruling by the Companies Tribunal (Tribunal) in the matter of Xone Control Room Management (Pty) Ltd, Ex Parte (11 September 2024) has clarified the limits of the Tribunal’s jurisdiction regarding the composition of a social and ethics committee (SEC), particularly focusing on the requirement for non-executive directors. The implications of this ruling are sharper given the recent amendments to the Companies Act 71 of 2008 (Companies Act) regarding SECs, which came into force on 27 December 2024.

Corporate & Commercial Law

3 min read