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ePrime Welcomes Huzhou Nanxun Zhenxun Sewage Treatment Co., Ltd.’s Bond Issuance

30 November 2022

ePrime is delighted to facilitate Huzhou Nanxun Zhenxun Sewage Treatment Co., Ltd.’s (the “Issuer”) successful issuance of RMB350m China (Shanghai) Pilot Free Trade Zone 3-year bond on Nov 29, 2022. The bond will have the benefit of an irrevocable standby letter of credit issued by Bank of Hangzhou Co., Ltd. Huzhou Branch. The transaction was executed on ePrime with Orient Securities (Hong Kong) Limited and BOSC International Company Limited as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.

The Issuer has established a diversified portfolio of businesses, which includes infrastructure construction and trading business, and is the primary entity in Nanxun District of Huzhou City to provide sewage treatment, greenery and pipeline network maintenance services. This transaction marks the Issuer’s first offshore bond issuance. Despite recent market volatility, the issuance was well received by institutional investors.

Cincia Tan, Head of DCM at Orient Securities (Hong Kong) Limited, said: “We are delighted to conduct the bookbuilding and pricing process on ePrime for the first time, which marks a further collaboration between Orient Securities, Orient Securities (Hong Kong) and Bond Connect. ePrime is a professional bookbuilding system, supporting multiple types of bonds, and it is easy to use.”

“We would like to thank Orient Securities (Hong Kong) for the vote of confidence in choosing ePrime. ePrime is committed to service the primary bond issuances, with a natural edge on China crossborder’s front. Our innovation focuses on market demands, as we work closely with the underwriter community,” said Tony Wang, General Manager of BCCL.

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 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.

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 immense international registration and facilitated offshore participation in the subscriptions of Chinese government bonds, policy financial bonds, green bonds, super short-term commercial papers, etc.

For any further inquiries, please feel free to contact us at / (852) 2327 0398.