As the lead underwriter and bookkeeper, Bank of China International (BOC International) has assisted China Oil & Foodstuffs Corporation (Hong Kong) in the successful issuance of RMB 3 billion 3-year offshore senior bond. Having attracted active participation from more than 70 institutions in Europe, Singapore and Hong Kong including banks, funds, asset management companies, insurance companies, enterprises and private banks, the issuance was successfully completed at an annual interest rate of 1.85%. As the first overseas bond market financing by the COFCO Group assisted by BOC International, it is by far the largest offshore nonrated RMB bond issuance on the market.
BOC International is the top-ranked Chinese investment bank in the offshore bond market and the only Chinese investment bank with the ability of global bond sales. As the lead underwriter and book runner, it has completed 12 G3 currency (US Dollar, Euro and Japanese Yen) and offshore RMB bond issuances in the first five months of this year for China National Offshore Oil Corp, PetroChina, ENN, Evergrande Real Estate Group and Volkswagen AG of Germany. With a growing market influence, BOC International has become the top partner of Chinese enterprises in bond issuance in Hong Kong.
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