Subsequent to the 5-year USD 600 million bond transaction in September 2013, on Jan 15, 2014, ABC International is honored to have acted as the Joint Bookrunner and Joint Lead Manager in China Orient Asset Management Corporation (“COAMC”) 4.10% 3-year RMB2.5B CNH (offshore RMB) bond transaction. The issues was rated A- (Fitch) and BBB (S&P).
Having a strong momentum and subscription from institutional investors, the issue size was further revised up to RMB 2,500 million in order to cater for robust investors’ demand. The transaction was successfully priced at 4.1% with over RMB 8,000 million subscription amount. With the assistance of ABCI and other Joint Bookrunners, the transaction only took 20 days to complete. In addition, the transaction also made COAMC the first and by far the only PRC asset management company to have completed dual fixed income security issuances in USD bond market as well as CNH bond market, representing a mileage transaction in the history of offshore debt financing for COAMC.