Recently, the overseas branches of China Construction Bank Corporation (CCB) have successfully executed two offshore bond transactions within the Shanghai Free Trade Zone. Leveraging its comprehensive, group-wide, and full-chain service advantages, CCB has deeply engaged in the development of the Free Trade offshore bond market. The bank provided integrated services covering the entire process, including issuance, custody, underwriting, and investment, injecting strong momentum into the innovative development of the Shanghai Free Trade offshore bond market.
On March 5th, CCB New Zealand, acting as the issuer, successfully launched the world's first Hong Kong dollar-denominated Shanghai Free Trade offshore bond. The issuance size was HKD 100 million with a maturity of two months. The bond attracted active subscriptions from high-quality overseas institutional investors, achieving a final financing cost that was more favorable than prevailing local market rates in New Zealand. This transaction serves as an innovative model for promoting multi-currency denomination and diversified development in the Shanghai Free Trade offshore bond market.
On March 11th, CCB's Singapore Branch, acting as the arranger, successfully facilitated the issuance of the first Free Trade offshore bond for an overseas client. The issuance size was RMB 500 million with a maturity of 364 days. Utilizing its qualification as a secondary custodian recognized by the Shanghai Clearing House, CCB Singapore provided the overseas issuer and investors with a comprehensive suite of financial services, including custody, underwriting, and investment. This transaction also marked the branch's inaugural custody business, enabling streamlined end-to-end operations and significantly enhancing the efficiency of cross-border investment and financing. It solidifies the financial service foundation for the high-quality development of the Free Trade Zone's financial market.
The successful execution of these two landmark transactions represents a significant step for CCB in enhancing its international comprehensive competitiveness. Furthermore, it is an important initiative to support the construction of Shanghai as an international financial center and to promote financial innovation within the Free Trade Zone. Looking ahead, CCB will continue to deepen its integrated operations across commercial and investment banking, local and foreign currencies, and its group-wide structure. The bank will fully leverage its global custody network capabilities, persistently cultivate innovation in cross-border finance, and provide global investors with high-quality, efficient, and comprehensive financial services, fully supporting the nation's high-level opening-up of the financial industry.
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