ePrime congratulates Agricultural Bank of China Limited Hong Kong Branch on the Successful Issuance of Offshore RMB Green Notes under the US$15 Billion Medium Term Note Programme of Agricultural Bank of China Limited
7 August 2024
ePrime congratulates the Hong Kong branch of Agricultural Bank of China (hereinafter referred to as "ABC Hong Kong Branch") on the successful issuance of CNY 2 billion 3-year green bonds under the US$15 billion Medium Term Note Programme of Agricultural Bank of China Limited. The issuance was led by a syndicate of 25 Joint Bookrunners on 24 July 2024. The main participating institutions in this bond issuance completed bookkeeping, order allocation, and pricing smoothly through the ePrime system.
The bonds were welcomed by overwhelming interest from a wide range of investors in the Asia Pacific region and landed at an issue yield of 2.80%, 55bps tighter than the initial price guidance of 3.35%. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime Issuance evidenced yet another successful offshore RMB issuance.
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 bonds were welcomed by overwhelming interest from a wide range of investors in the Asia Pacific region and landed at an issue yield of 2.80%, 55bps tighter than the initial price guidance of 3.35%. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime Issuance evidenced yet another successful offshore RMB issuance.
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.
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