Bank of China Assists Indonesia with Dual-currency Bond Issuance

As the lead global coordinator, Bank of China assisted the Indonesian government in issuing offshore RMB bonds and debut euro bonds in Hong Kong. This dual-currency bond issuance, totaling about 31.1 billion yuan ($4.53 billion), was the largest Southeast Asian bond issuance underwritten by a Chinese institution.

The issuance includes a range of bonds: a 3-year bond of 4.5 billion yuan, a 5-year bond of 3.5 billion yuan, and a 10-year bond of 1.25 billion yuan, along with an 8-year bond of 1.2 billion euros, a 12-year bond of 800 million euros, and a 20-year bond of 700 million euros. The bonds carry coupon rates of 2.45 percent, 2.65 percent, 3.05 percent, 4.10 percent, 4.47 percent, and 4.98 percent, respectively.

This issuance was another successful example of Bank of China leveraging Bank of China (Hong Kong)'s role as its Southeast Asia regional headquarters to further expand in the Southeast Asian market.

Bank of China will use its global network and cross-border financial service capabilities to provide various issuers with innovative financial services across multiple currencies and markets. It will continue to support the development of the offshore RMB market, promote the international use of RMB, and help consolidate and enhance Hong Kong's position as an international financial center.

Copyright © BANK OF CHINA (BOC) All Rights Reserved.| Beta Version
Copyright © BANK OF CHINA (BOC) All Rights Reserved.