ePrime Welcomes Liling Lujiang Investment Holding Group Co., Ltd.’s Bond Issuance
26 April 2023
ePrime facilitated the successful bond issuance of Liling Lujiang Investment Holding Group Co., Ltd.’s (the “Issuer”) RMB 320 million 3-year China (Shanghai) Pilot Free Trade Zone bond on 30 March 2023, which will have the benefit of an irrevocable standby letter of credit issued by Bank of Hunan Corporation Limited. The transaction was supported on ePrime Issuance Service with ABC International as lead Joint Global Coordinator, and Carnegie Hill Capital Partners Limited, Zhongtai International, Soochow Securities (Hong Kong), ICBC (Asia) and Central Wealth Securities Investment Limited as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners.
The Issuer is Liling’s largest wholly state-owned enterprise and plays a crucial role in the city’s infrastructure construction, public utilities and city management. The issuance was well received by institutional investors, with the proceeds used for replenishing the issuer’s working capital.
ABCI commented, “This is the first time we have brought an FTZ bond to market using ePrime, an innovation contributing to China’s financial infrastructure. This sets a good example of how the cross-border financing needs of China issuers are being served. ABCI is glad to work with BCCL in enhancing the effectiveness of primary bookbuilding practices, promoting RMB internationalization, and spurring the opening-up of China’s capital market.”
Mr. Tony Wang, General Manager of BCCL, commented, “We would like to thank ABC International for their unwavering support for ePrime. Not only does this issuance contribute to Liling’s urban economic development and quality, but it also attests to the service effectiveness and efficiency of ePrime. Moving forward, we will continue our market-oriented approach while working more closely with the underwriter community, in hopes of refining ePrime’s functionalities and contributing to the development of the primary market.”
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 onboarded underwriters.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
The Issuer is Liling’s largest wholly state-owned enterprise and plays a crucial role in the city’s infrastructure construction, public utilities and city management. The issuance was well received by institutional investors, with the proceeds used for replenishing the issuer’s working capital.
ABCI commented, “This is the first time we have brought an FTZ bond to market using ePrime, an innovation contributing to China’s financial infrastructure. This sets a good example of how the cross-border financing needs of China issuers are being served. ABCI is glad to work with BCCL in enhancing the effectiveness of primary bookbuilding practices, promoting RMB internationalization, and spurring the opening-up of China’s capital market.”
Mr. Tony Wang, General Manager of BCCL, commented, “We would like to thank ABC International for their unwavering support for ePrime. Not only does this issuance contribute to Liling’s urban economic development and quality, but it also attests to the service effectiveness and efficiency of ePrime. Moving forward, we will continue our market-oriented approach while working more closely with the underwriter community, in hopes of refining ePrime’s functionalities and contributing to the development of the primary market.”
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 onboarded underwriters.
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.