China Construction Bank (Asia) Corporation Ltd has received the go-ahead to list the world’s first ever 21st Century Maritime Silk Road bond of 1 billion yuan on Bursa Malaysia.
The notes, which will be due on in 2017, are part of the bank’s plans to support China’s “The Land & Maritime Silk Road” initiative.
The notes, priced at 4% on November 19 2015 and to be issued on November 26, are rated A2 by Moody’s Investors Service and will be dual-listed on the stock exchange of Hong Kong.
CIMB Investment Bank was appointed as the listing agent, joint bookrunner and joint lead manager for the bond.
The notes shall be the first renminbi denominated bonds issued by a Chinese state-owned bank to be listed on Bursa Malaysia under the exempt regime.
The joint bookrunners and joint lead managers for the issuance are CCB (Asia), CCB International Capital Ltd, CIMB Bank and The Hongkong Shanghai Banking Corporation, Bank of China (Hong Kong) Ltd, Bank of Communications Co, Hong Kong branch and China Construction Bank Corporation, Singapore branch are the additional joint lead managers.
The notes, which will be due on in 2017, are part of the bank’s plans to support China’s “The Land & Maritime Silk Road” initiative.
The notes, priced at 4% on November 19 2015 and to be issued on November 26, are rated A2 by Moody’s Investors Service and will be dual-listed on the stock exchange of Hong Kong.
CIMB Investment Bank was appointed as the listing agent, joint bookrunner and joint lead manager for the bond.
The notes shall be the first renminbi denominated bonds issued by a Chinese state-owned bank to be listed on Bursa Malaysia under the exempt regime.
The joint bookrunners and joint lead managers for the issuance are CCB (Asia), CCB International Capital Ltd, CIMB Bank and The Hongkong Shanghai Banking Corporation, Bank of China (Hong Kong) Ltd, Bank of Communications Co, Hong Kong branch and China Construction Bank Corporation, Singapore branch are the additional joint lead managers.
