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News Release

CDB HK Branch's Offshore RMB bond issued on ePrime

11 June 2021

China Development Bank Hong Kong Branch successfully issued its Greater Bay Area themed offshore RMB bond via ePrime on June 10, 2021. The 3-year RMB 2.5bn bond offers a yield of 2.65%, with the orderbook oversubscribed by 1.76 times. The global demand of RMB assets and CDB’s strong brand name have attracted interest from a diverse spectrum of investors across Hong Kong, Singapore, Taiwan, Europe and Africa.

The bookbuilding, pricing and allocation processes were executed efficiently through ePrime, which was utilized by 12 offshore joint bookrunners including Agricultural Bank of China Ltd. Hong Kong Branch, Bank of China Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, China CITIC Bank International Ltd., China Construction Bank (Asia) Corporation Ltd., CMB Wing Lung Bank Ltd., Credit Agricole Corporate and Investment Bank, Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Mizuho Securities Asia Ltd. and Shanghai Pudong Development Bank Co. Ltd. Hong Kong Branch etc.

BCCL ePrime system is an electronic bond issuance system launched in October 2020. ePrime was established and operated by CFETS to offer a one-stop solution for issuing, primary bookbuilding, pricing and allocation for offshore securities including US dollar-denominated bonds, Renminbi bonds, Hong Kong dollar bonds and other currencies. With an expanding list of 21 onboarded offshore underwriters, ePrime strives to provide issuers and underwriters with further efficiency and capabilities in the issuance workflow.

Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.