ePrime Congratulates ABCHK on the Successful Two-Year Offshore RMB Bond Issuance
19 January 2023
ePrime congratulates Agricultural Bank of China Limited Hong Kong Branch on its offering of the offshore RMB2.5 billion two-year bond on January 18, in which end to end support on the syndication, bookbuilding, pricing and allocation stages were provided by ePrime. The transaction was led by a syndicate of 19 Joint Bookrunners including Agricultural Bank of China Limited Hong Kong Branch, ABC International, Bank of China, Bank of China (Hong Kong), Bank of Communications, China Construction Bank (Asia), China Everbright Bank Hong Kong Branch, China International Capital Corporation, Chiyu Banking Corporation Limited, China Securities International, CITIC Securities, CMB Wing Lung Bank Limited, Haitong International, HSBC, ICBC (Asia), ICBC Singapore, Industrial Bank Co., Ltd. Hong Kong Branch, Shanghai Pudong Development Bank Hong Kong Branch, Standard Chartered Bank.
The two-year bond issued under the MTN Program of Agricultural Bank of China Limited, which pays a fixed coupon of 2.97%, was welcomed by overwhelming interest from a wide range of investors in the region and landed 53bps tighter than the initial price guidance of 3.50%. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime evidenced yet another successful offshore RMB issuance.
In collaboration with CFETS and launched in October 2020, ePrime is an electronic solution for the primary bond market across 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.
Please contact us at eprime@chinabondconnect.com / (852) 2327 0398 for enquiries.
The two-year bond issued under the MTN Program of Agricultural Bank of China Limited, which pays a fixed coupon of 2.97%, was welcomed by overwhelming interest from a wide range of investors in the region and landed 53bps tighter than the initial price guidance of 3.50%. As a long-term partner of Agricultural Bank of China Limited Hong Kong Branch, ePrime evidenced yet another successful offshore RMB issuance.
In collaboration with CFETS and launched in October 2020, ePrime is an electronic solution for the primary bond market across 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.
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 a recommendation in relation to any securities. 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.