Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Industry

Bond Connect Company hails first batch of bonds issued via its overseas bond issuance system ePrime

October 21, 2020


Abstract : Bond Connect Company Limited (BCCL) embraced the first batch of bonds issued via its newly-launched overseas bond issuance system ePrime on Tuesday.

0807-1.png

BEIJING, Oct. 21 (Xinhua) -- Bond Connect Company Limited (BCCL) embraced the first batch of bonds issued via its newly-launched overseas bond issuance system ePrime on Tuesday.

The ePrime is an overseas electronic platform for primary market bond issuance and also serves overseas investors in subscribing bonds on China's interbank bond market.

On Tuesday, Chinese policy bank Agricultural Development Bank of China (ADBC) issued 5.7 billion yuan of 3-year, 5-year and 10-year fixed-rate bonds via ePrime, with their yield fixed-rates at 3.05 percent, 3.25 percent and 3.80 percent respectively.

Being 2.69 times subscribed, the coupon rates of the three products were 27 basis points (bp), 30 bps and four bps lower than comparable products' Tuesday.

The batch of bond products were available for trading on five exchanges including Luxembourg Stock Exchange, London Stock Exchange, China Europe International Exchange, Singapore Exchange and ChongWa (Macao) Financial Asset Exchange.

BCCL is a joint venture established by China Foreign Exchange Trade System (CFETS) and Hong Kong Exchanges and Clearing Limited (HKEX) to support Bond Connect related trading services. Bond Connect is a mutual market access scheme allowing investors from the Chinese mainland and overseas to trade bonds on each other's interbank bond markets.

Besides, BCCL rolled out the Primary Market Information Platform (PMIP) to support bond issuers and underwriters in China to release English bond issuance information to global investors. Year to date, 24 bond issuers and underwriters have released information for nearly 3,000 batches of bonds on PMIP.

According to BCCL, it has signed agreements with more than a dozen of overseas bond underwriters to cooperate in improving overseas bond issuance efficiency. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: ADBC Bond Connect overseas bond issuance system ePrime

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial