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Beijing-based SOE seeks 1 bln euros in its European bond market debut

February 25, 2022


Abstract : Beijing State-owned Capital Operation and Management Co., Ltd. has recently issued three-year euro-denominated bonds worth 1 billion euros, marking the debut of the company in the European bond market, reported Shanghai Securities News on Wednesday.

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Photo taken on Jan. 1, 2022 shows the headquarters of the European Central Bank illuminated to celebrate the 20th anniversary of Euro banknotes and coins in Frankfurt, Germany. (Xinhua/Lu Yang)

BEIJING, Feb. 24 (Xinhua) -- Beijing State-owned Capital Operation and Management Co., Ltd. has recently issued three-year euro-denominated bonds worth 1 billion euros, marking the company's first debt issuance in the European bond market, reported Shanghai Securities News on Wednesday.

It represents the biggest euro-denominated bond issuance by Beijing local companies, attracting an order book more than three times the original size, indicating the recognition of global investors towards highly-rated Chinese issuers, said Samuel Fischer with the Deutsche Bank.

The issuance was supported by a slate of financial institutions at home and abroad as bookrunners, underwriters and coordinators, including the Industrial and Commercial Bank of China (ICBC), Bank of China (BOC), Deutsche Bank, The Agricultural Bank of China (ABC).

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

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Keyword: euro-denominated bonds

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