ePrime Facilitates Wuhan Jiangxia Agriculture Group Company Limited’s Bond Issuance
27 September 2023
ePrime Issuance Service facilitated the successful issuance of Wuhan Jiangxia Agriculture Group Company Limited’s (the “Issuer”) USD 64 million 3-year bonds on 7 September, which offered a 6.90% coupon. The bonds will have the benefit of an irrevocable standby letter of credit issued by Evergrowing Bank Co. Ltd. Wuhan Branch. The transaction was led by China Securities International (CSCI) as Sole Global Coordinator and marks their first time in managing the orderbook and allocations using ePrime.
The Issuer is the core infrastructure construction entity in Jiangxia District whose principal operating activities include infrastructure construction, property development, sales of goods, and shoal and tea garden contractual operation. The net proceeds will be used to refinance existing indebtedness.
CSCI commented, “This is the first time we have led the bookbuilding process using ePrime. CSCI is glad to work with Bond Connect Company Limited (BCCL) in enhancing the effectiveness of primary bookbuilding practices under latest compliance needs. In the future, we will use ePrime in the issuance of overseas bonds in various currencies such as USD, RMB, and HKD.”
Tony Wang, General Manager of BCCL, commented, “It is pleasing and reassuring to see ePrime’s increasing popularity as a platform for bond issuance execution. This also marks China Securities International’s first time in leading the bookbuilding process as an ePrime user, who have been a long-standing partner of BCCL. We would like to thank them for their support and continue exploring ways to deepen our collaboration. The recent enhancements made on ePrime will surely serve that purpose.”
In collaboration with CFETS and launched in October 2020, ePrime is an electronic solution for the primary bond market that spans across issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater for issuance and crossborder subscription applications: ePrime Issuance Service and ePrime Northbound Primary Service.
ePrime Issuance Service offers a platform for issuing, primary bookbuilding, pricing and allocation for securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks, commercial banks and corporates managed across 30 underwriters onboarded.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
The Issuer is the core infrastructure construction entity in Jiangxia District whose principal operating activities include infrastructure construction, property development, sales of goods, and shoal and tea garden contractual operation. The net proceeds will be used to refinance existing indebtedness.
CSCI commented, “This is the first time we have led the bookbuilding process using ePrime. CSCI is glad to work with Bond Connect Company Limited (BCCL) in enhancing the effectiveness of primary bookbuilding practices under latest compliance needs. In the future, we will use ePrime in the issuance of overseas bonds in various currencies such as USD, RMB, and HKD.”
Tony Wang, General Manager of BCCL, commented, “It is pleasing and reassuring to see ePrime’s increasing popularity as a platform for bond issuance execution. This also marks China Securities International’s first time in leading the bookbuilding process as an ePrime user, who have been a long-standing partner of BCCL. We would like to thank them for their support and continue exploring ways to deepen our collaboration. The recent enhancements made on ePrime will surely serve that purpose.”
In collaboration with CFETS and launched in October 2020, ePrime is an electronic solution for the primary bond market that spans across issuers, underwriters and investors specialized in the China cross-border workflow. It has two components to cater for issuance and crossborder subscription applications: ePrime Issuance Service and ePrime Northbound Primary Service.
ePrime Issuance Service offers a platform for issuing, primary bookbuilding, pricing and allocation for securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. It has successfully supported various issuances from policy banks, commercial banks and corporates managed across 30 underwriters onboarded.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
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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.
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.