ePrime Congratulates Industrial Bank Co., Ltd. Hong Kong Branch on the Successful Issuance of USD “Tech SMEs Themed” Social Notes under the USD 5 Billion Medium Term Note Programme of Industrial Bank Co., Ltd.
12 August 2024
ePrime congratulates Industrial Bank Co., Ltd. Hong Kong Branch on the successful issuance of 3-year USD 500 million “Tech SMEs Themed” Social Notes drawdown under the USD 5 Billion Medium Term Note Programme of Industrial Bank Co., Ltd. The net proceeds will be used to finance and/or refinance Eligible Social Assets as defined under the “Indirect Employment Generation through the Provision of Loans to Small and Micro Enterprises (SMEs)” category of the Green, Social and Sustainability Bond Framework for Industrial Bank Co., Ltd. The main participating institutions in this bond issuance completed bookkeeping, order allocation, and pricing smoothly through the ePrime system.
The bond issuance framework is aligned with the core components of the International Capital Market Association's (ICMA) Social Bond Principles (SBP) and received a sustainability score of SQS2 by Moody’s Investors Service. The bonds were welcomed by global investors from Asia Pacific, Europe and Middle East, and received more than USD 2 billion in orders, representing a subscription rate of 4 times.
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 35 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 bond issuance framework is aligned with the core components of the International Capital Market Association's (ICMA) Social Bond Principles (SBP) and received a sustainability score of SQS2 by Moody’s Investors Service. The bonds were welcomed by global investors from Asia Pacific, Europe and Middle East, and received more than USD 2 billion in orders, representing a subscription rate of 4 times.
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 35 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.
© 2024 Bond Connect Company Limited. All rights reserved.
Disclaimer:
The information or data contained in the Bond Connect Newsletter, and if applicable, its attachment and covering email, is for general information purposes only and 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 a recommendation in relation to any securities. Investors should note investment involves risk and past performance is not indicative of future results.