Product Introduction

Off-shore bonds are bonds issued and traded in international financial markets by governments, financial institutions, enterprises, or other types of issuers to raise funds and meet their financing needs. A key feature of off-shore bonds is that issuers and investors are from different countries, and the funds raised come from the international financial markets. Common currencies for off-shore bond issuance include the US dollar, euro, and RMB.

BOC has rich experience in the off-shore bond business. From the early-stage design of transaction structures and selection of intermediaries, to communication with intermediaries and regulatory authorities during project execution, and the later-stage roadshows, sales, and pricing, BOC is capable of providing comprehensive and high-quality professional support to diverse clients.

BOC has successfully assisted numerous clients in issuing off-shore bonds, including: China's Ministry of Finance, local governments (such as the Hainan provincial government, the Guangdong provincial government, and the Shenzhen city government); financial institutions and state-owned enterprises (such as China Development Bank, Export-Import Bank of China, China Huarong Asset Management, China Great Wall Asset Management, China Orient Asset Management, China Cinda Asset Management, State Grid Corporation of China, PetroChina, Sinopec, and China Huaneng Group); established enterprises (such as Baidu, Tencent, Huawei, and Lenovo); as well as international institutions (such as the London Stock Exchange, the Housing and Development Board of Singapore, and the New Development Bank). This has supported both domestic and foreign clients in their global multicurrency financing. BOC has ranked first in the China Off-shore Bond Underwriter Ranking for nine consecutive years.

Product Features and Functions

Expanding financing channels: Off-shore bonds effectively broaden issuers' financing channels in the international bond market, enrich the diversity of their financing sources, and help to mitigate financing risks. At the same time, leveraging the flexibility of the global capital market, off-shore bonds can effectively meet issuers' financing needs.

Enhancing market influence: Issuing off-shore bonds helps issuers build an international image, strengthen their influence among global investors and institutions, and lay a solid foundation for future domestic and overseas financing activities.

Consolidating the investor base: The issuance of off-shore bonds can attract investors from different countries and regions, creating a broader investor base for issuers and establishing a more solid global investor network.