ePrime Congratulates Agricultural Bank of China Ltd Hong Kong Branch on the Successful Issuance of Offshore USD FRN under the US$15 Billion Medium Term Note Programme of Agricultural Bank of China Limited
2 May 2025
ePrime congratulates Agricultural Bank of China Limited Hong Kong Branch (hereinafter referred to as "ABC Hong Kong Branch") on the successful issuance of USD 800 million 3-year floating rate notes under the US$15 billion Medium Term Note Programme of Agricultural Bank of China Limited on 16 April 2025. The main participating institutions in this note issuance completed bookbuilding, order allocation, and pricing smoothly through ePrime Issuance Service.
The notes were welcomed by overwhelming interest from a wide range of investors in the Asia Pacific region and priced at SOFR+52bps, 53bps tighter than the initial price guidance of SOFR+105bps. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime Issuance evidenced yet another successful offshore issuance.
In collaboration with CFETS and launched in 2020, ePrime is an electronic solution for the primary bond market across the issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater issuance and subscription applications: ePrime global issuance service and ePrime Northbound primary service. ePrime global issuance service offers a platform for issuing, primary book building, pricing and allocation for offshore securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks and commercial banks and onboarded 40 offshore underwriters. ePrime Northbound primary service allows offshore investors to participate in the Northbound subscription of CIBM new issuances by establishing connectivity with CFETS systems. The cross-border service has attracted registration by more than 60 offshore investors and facilitated offshore participation in the subscriptions of Chinese government bonds, policy financial bonds, green bonds, super short-term commercial papers, etc.
The notes were welcomed by overwhelming interest from a wide range of investors in the Asia Pacific region and priced at SOFR+52bps, 53bps tighter than the initial price guidance of SOFR+105bps. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime Issuance evidenced yet another successful offshore issuance.
In collaboration with CFETS and launched in 2020, ePrime is an electronic solution for the primary bond market across the issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater issuance and subscription applications: ePrime global issuance service and ePrime Northbound primary service. ePrime global issuance service offers a platform for issuing, primary book building, pricing and allocation for offshore securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks and commercial banks and onboarded 40 offshore underwriters. ePrime Northbound primary service allows offshore investors to participate in the Northbound subscription of CIBM new issuances by establishing connectivity with CFETS systems. The cross-border service has attracted registration by more than 60 offshore investors and facilitated offshore participation in the subscriptions of Chinese government bonds, policy financial bonds, green bonds, super short-term commercial papers, etc.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
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This document does not constitute a prospectus, an offer or an invitation to subscribe any securities or bonds, or a recommendation in relation to any securities or bonds. Investors should note investment involves risk and past performance is not indicative of future results. Investors should refer to the offering circulars of the bonds for further details including risk factors, in particular those associated with investment in emerging markets.
Disclaimer: This document is prepared by Bond Connect Company Limited and is for general information purposes only. It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. It is not directed at, nor is it intended for distribution to or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to the applicable law, regulation or regulatory requirement, or which would subject us Bond Connect Company Limited, or any of our affiliates, to any licensing or regulatory requirement in such jurisdiction or country. Neither we nor any of our affiliates (i) guarantee the accuracy, validity, timeliness, completeness or correctness of any such information or data and (ii) accept any responsibility in that connection, or any liability for any direct or indirect loss or damage arising from the use of or reliance on any such information or data.
This document does not constitute a prospectus, an offer or an invitation to subscribe any securities or bonds, or a recommendation in relation to any securities or bonds. Investors should note investment involves risk and past performance is not indicative of future results. Investors should refer to the offering circulars of the bonds for further details including risk factors, in particular those associated with investment in emerging markets.