交通银行近日确定了再融资方案，通过A股和H股配股发行计划筹资331亿元。 交行聘请了金杜和贝克·麦坚时作为发行人法律顾问，而国浩与富而德则担任承销商法律顾问。

After the massive lending fad last year, banks are now seeking to raise funds to replenish their capitals. The fund-raising has been music to the ears of many debt market lawyers, especially those in King & Wood, Baker & McKenzie, Grandall and Freshfields. All four firms have recently advised on Bank of Communications’ whopping US$4.9bn rights issuance.

The bank, will sell 3.89 billion yuan-denominated A shares in Shanghai at and 3.46 billion Hong Kong dollar-denominated shares in Hong Kong. HSBC Bank, which owns a 19% stake (advised by Freshfields) in the issuer, has confirmed that it will subscribe through its unit, the Hongkong and Shanghai Banking Corporation, for its full entitlement of H-shares in the planned rights issue of new A-shares and H-shares worth US$921m.

Grandall Shanghai’s Liu Wei led its team to provide legal advice to a total of 13 underwriters including UBS, Haitong Securities, CICC, Credit Suisse Founder, Huatai Securities, China Securities, Goldman Sachs, Citics and HSBC.

Having advised on China Minsheng Bank’s blockbuster US$3.2bn Hong Kong IPO, King & Wood, Grandall and Freshfields all walked away with an award for Equity Market Deal of the Year at the 2010 ALB China Law awards in Shanghai earlier this year.

*Shanghai-headquartered Bank of Communications is the fifth largest bank in China and has total assets of RMB 3,309 billion as at December 31, 2009. ALB