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ePrime welcomes Industrial Bank Hong Kong Branch’s Carbon-Neutral bond issuance

4 June 2021

ePrime is delighted to welcome Industrial Bank Hong Kong Branch’s carbon-neutral MTN issuance on 3 June, 2021. The 3-year USD and 3-year HKD bond raised a total of US$922mn. The bookbuilding and allocation processes of the issuance were executed through BCCL’s ePrime, representing the first ESG-labelled bond on the platform.

The bond attracted 73 global institutional investors’ participation, including orders from ESG focused investors from Europe and Americas. The book concluded with an oversubscription of 4.45 times, while at its peak the orderbook size reached US$4.1bn. The 3-year USD fixed rate bond raised US$600m priced at T+58bp with a coupon of 0.875%; while the 3-year HKD fixed rate bond raised HK$2.5bn with a coupon of 0.75%.

ePrime’s smooth performance during the issuance process facilitated optimal execution and delivery by the underwriter group including Agricultural Bank of China, Hong Kong Branch, Bank of China, Hong Kong Branch, Bank of Communications, Hong Kong Branch, Credit Agricole CIB and Industrial Bank, Hong Kong Branch etc.

BCCL ePrime system is an evolutionary electronic bond issuance system launched in October 2020. ePrime was established and operated by CFETS to offer a one-stop solution 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. As of today, ePrime has successfully onboarded 21 offshore underwriters.

For further enquiries, please contact us at 2327 0398.

ePrime Offshore Underwriters (in alphabetical order)

Agricultural Bank of China Limited Hong Kong Branch
Bank of China (Hong Kong) Limited
Bank of China Limited, Hong Kong Branch
Bank of Communications Co., Ltd. Hong Kong Branch
China CITIC Bank International Limited
China Construction Bank (Asia) Corporation Limited
China Everbright Bank Co., Ltd., Hong Kong Branch
China Securities (International) Corporate Finance Company Limited
CLSA Limited
CMB Wing Lung Bank Limited
CNBC (Hong Kong) Capital Limited
Credit Agricole Corporate and Investment Bank, Hong Kong Branch
CTBC Bank Co., Ltd.
Industrial and Commercial Bank of China (Asia) Limited
Industrial and Commercial Bank of China, Singapore Branch
Industrial Bank Co., Ltd. Hong Kong Branch
KGI Asia Limited
Mizuho Securities Asia Limited
Shanghai Pudong Development Bank Co., Hong Kong Branch
SPDB International Capital Limited
Standard Chartered Bank (Hong Kong) Limited