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Homepage » News » China Jianyin Investment Ltd. issues first overseas bonds

China Jianyin Investment Ltd. issues first overseas bonds

2017-11-17

On November 16, 2017, China Jianyin Investment Ltd. (JIC) successfully issued 900 million US dollars and 500 million euros of senior unsecured bonds. The issuance comprises three parts: one 5-year 500 million US dollar bond with a 3.000% coupon and a yield of 3.042%; one 10-year 400 million US dollar bond with a 3.500% coupon and a yield of 3.608%; and one 3-year 500 million Euro bond with a 0.500% coupon and a yield of 0.524%. The bonds attracted more than 120 banks from Asia, Europe and other regions, as well as asset management companies, major international fund agencies, insurance companies, brokerages and private banks.

Prior to this, the three major international ratings agencies of Moody's, S & P and Fitch had given JIC the following ratings respectively: A2, A and A +. The JIC team held fixed income investor roadshows in Europe and Asia, attracting high interest prior to opening the book to obtain a large cornerstone order. As soon as the bond issuance was announced, the market showed great interest, and the book growth momentum was strong. The final dollar and euro pricings were 27.5 basis points, 20 basis points and 15 basis points lower than the initial price guidance.

This is the first overseas bond issuance by JIC. Through these dual currency US dollar and Euro denominated bonds, JIC has broadened its overseas financing channels, enriched its investor base and enhanced its international image, all of which are of great significance to the future development of the Group.

 

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Homepage » News » China Jianyin Investment Ltd. issues first overseas bonds