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News Release

SPDB HK Branch issues USD and HKD bonds via ePrime

6 July 2021

Shanghai Pudong Development Bank Hong Kong Branch issued 3Y USD and 2Y HKD senior unsecured bonds under its MTN programme via ePrime on 6 July 2021. ePrime’s smooth performance during the issuance facilitated the bookbuilding, allocation, and pricing processes of the B&D bank, Guotai Junan International, as well as the joint global coordinators and joint bookrunners Agricultural Bank of China Hong Kong Branch, Bank of China, Bank of Communications Hong Kong Branch, China Construction Bank (Asia), Industrial and Commercial Bank of China (Asia), Industrial and Commercial Bank of China Singapore Branch, Shanghai Pudong Development Bank Hong Kong Branch, SPDB International, Standard Chartered Bank etc.

The 3Y USD fixed rate bond raised USD 700 million at T+47bps with a coupon of 0.875%, while the 2Y HKD fixed rate bond raised HKD 2 billion with a coupon of 0.6%. The bond attracted more than 80 Chinese and global institutional investors’ participation. The orderbook exceeded the target issuance size within one hour of bookbuilding and concluded with an oversubscription of 4.6 times, while at its peak the orderbook size reached USD 4.446 billion.

BCCL ePrime system is an electronic bond issuance system launched in October 2020, 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 supported various issuances and onboarded 24 offshore underwriters.

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