ePrime Congratulates Shanghai Pudong Development Bank’s Successful Issuance of Yulan Bonds
23 July 2026
ePrime congratulates Shanghai Pudong Development Bank’s successful issuance of Yulan Bonds totaling RMB 3 billion on 16 July 2026. The issuer was Shanghai Pudong Development Bank Co., Ltd., Hong Kong Branch, with a tenor of 3 years, and a coupon rate of 1.68%. The main participating institutions in this bond issuance, including Shanghai Pudong Development Bank Co., Ltd. Hong Kong Branch and Guotai Junan International, completed bookbuilding, order allocation, and pricing smoothly through ePrime Issuance Service.
The bond issuance attracted over 70 institutional investors, covering a wide range of investor types including Hong Kong‑based foreign institutions, Chinese overseas institutions, and non‑bank financial institutions, with geographical reach spanning Hong Kong SAR, Macao SAR, Singapore, South Korea, France, the United Kingdom, and other countries and regions. The peak oversubscription rate exceeded 7.7 times. This issuance also marks the first simultaneous listing of Yulan Bonds on both the Stock Exchange of Hong Kong and the Singapore Exchange.
ePrime Issuance Service provided efficient and convenient digital primary issuance services for this transaction. This successful issuance represents another significant milestone in the deepening cooperation between Bond Connect Company Limited ("BCCL") and Shanghai Pudong Development Bank Hong Kong Branch in offshore bond issuance, further solidifying the synergies between the two parties in promoting cross‑border RMB usage. Looking forward, BCCL remains committed to continuously enhancing its service capabilities, and provide support for the development of the offshore RMB bond market.
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 Issuance Service and ePrime Northbound Subscription Service.
ePrime 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 45 offshore underwriters.
The bond issuance attracted over 70 institutional investors, covering a wide range of investor types including Hong Kong‑based foreign institutions, Chinese overseas institutions, and non‑bank financial institutions, with geographical reach spanning Hong Kong SAR, Macao SAR, Singapore, South Korea, France, the United Kingdom, and other countries and regions. The peak oversubscription rate exceeded 7.7 times. This issuance also marks the first simultaneous listing of Yulan Bonds on both the Stock Exchange of Hong Kong and the Singapore Exchange.
ePrime Issuance Service provided efficient and convenient digital primary issuance services for this transaction. This successful issuance represents another significant milestone in the deepening cooperation between Bond Connect Company Limited ("BCCL") and Shanghai Pudong Development Bank Hong Kong Branch in offshore bond issuance, further solidifying the synergies between the two parties in promoting cross‑border RMB usage. Looking forward, BCCL remains committed to continuously enhancing its service capabilities, and provide support for the development of the offshore RMB bond market.
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 Issuance Service and ePrime Northbound Subscription Service.
ePrime 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 45 offshore underwriters.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
© 2026 Bond Connect Company Limited. All rights reserved.
Disclaimer: The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not 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 law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events.**
Disclaimer: The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to buy or sell any securities or to provide any investment advice or service of any kind. This document is not directed at, and is not 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 law or regulation or which would subject any of Bond Connect Company Limited ("BCCL") and/or its affiliates to any registration requirement within such jurisdiction or country.
No section or clause in this document may be regarded as creating any obligation on BCCL and/or its affiliates. Rights and obligations with regard to the trading and settlement of any securities effected on the CFETS, including through the Bond Connect, shall be set out solely in the applicable rules of the Entities, as well as the applicable laws, rules and regulations of Mainland of China and Hong Kong in effect from time to time.
Although the information contained in this document is obtained or compiled from sources believed to be reliable, BCCL and/or its affiliates assume no responsibility or liability for any errors, omissions or other inaccuracies in the information or for the consequences thereof. **It should not be used as a substitute for investment, accounting, tax, legal or other professional advice. If you are in any doubt about the contents of this document, you should seek independent professional advice.**BCCL and/or its affiliates assume no responsibility or liability for any cost, expense, loss or damage, directly or indirectly, howsoever caused, of any kind, arising from the use of or reliance upon any information provided in this document, or in the presentation given.
**Forward-looking statements: This document may contain forward-looking statements, including but not limited to projections, estimates, forecasts, and opinions. These statements are based on assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. BCCL and/or its affiliates do not undertake any obligation to update these statements in light of new information or future events.**