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23 November 2015

China Construction Bank (Asia) Corporation Limited proposes to list inaugural 21st Century Maritime Silk Road bond on Bursa Malaysia

Appoints CIMB as the listing agent, joint bookrunner and joint lead manager for the bond 

Kuala Lumpur: China Construction Bank (Asia) Corporation Limited (“CCB (Asia)”) has obtained an approval-in-principle from Bursa Malaysia Securities Berhad (“Bursa Malaysia”) to admit and list the world’s first ever 21st  Century Maritime Silk Road bond of CNY1 billion (“Notes”) due in 2017 on Bursa Malaysia. The Notes are part of CCB’s plans to support China’s “The Land & Maritime Silk Road” initiative.

CCB (Asia) has appointed CIMB Investment Bank Berhad ("CIMB") as the Listing Agent of the Notes on Bursa Malaysia under the exempt regime (“Proposed Listing”). The Notes shall be the first China Yuan denominated bonds issued by a Chinese state-owned bank to be listed on Bursa Malaysia under the exempt regime.

Wang Zuji, Vice Chairman, Executive Director, President of China Construction Bank Corporation said, “As one of the key members of ASEAN, Malaysia has always been a target of priority for CCB as the bank expands itself into the global market. We are ready to join the Malaysian market with the proposed listing of the Notes on Bursa Malaysia and hope that the listing will further enhance our profile in ASEAN region including Malaysia. This is a great milestone for CCB as part of our commitment to the development of the offshore RMB markets.”

Commenting on the appointment, Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive, CIMB Group said, “We are delighted to play an instrumental role in this landmark transaction. Our lead role reinforces our strengths in investment banking and stands testament to CIMB's ability to draw on our people, knowledge and extensive network to serve and connect clients in the markets we operate like China. CIMB is fully committed to spearhead and facilitate this initiative in the coming days for the listing of the Notes."

The Notes, priced at 4.00% on 19 November 2015 and to be issued on 26 November 2015, are rated “A2” by Moody’s Investors Service Pty Limited and will be dual-listed on the Stock Exchange of Hong Kong. The joint bookrunners and joint lead managers for the issuance are CCB (Asia), CCB International Capital Limited, CIMB Bank (L) Limited and The Hongkong Shanghai Banking Corporation Limited. The Bank of China (Hong Kong) Limited, Bank of Communications Co., Ltd. Hong Kong Branch and China Construction Bank Corporation, Singapore Branch are the additional joint lead managers.