Recently, as the global coordinator, bookrunner, and major investor, China's Industrial Bank (CIB) successfully underwrote and issued a $500 million blue sustainable offshore bond for a company. This bond marks China's first blue sustainable offshore USD bond, with a maturity of three years.
Amid the recent intensified volatility in international markets and fluctuating offshore bond prices, the uncertainty surrounding offshore bond issuance has increased. CIB fully leveraged its head office-branch and cross-border coordination mechanisms, comprehensively analyzed the latest regulatory policies and market issuance conditions, and assisted the issuer in formulating a robust issuance plan while precisely capturing the optimal issuance window.
CIB actively supported the issuer in conducting on-the-ground overseas roadshows, effectively showcasing the issuer’s creditworthiness, growth prospects, and blue strategy. This successfully attracted strong subscriptions from domestic and international investors. The bank also provided substantial cornerstone order support for the bond, ultimately achieving an oversubscription ratio exceeding 2x, with the coupon rate significantly tightened from the initial guidance.
In recent years, CIB has consistently deepened its “commercial banking + investment banking” strategy, leveraging the synergy between underwriting and investment. By integrating domestic and international resources and markets, the bank has innovated products and enhanced services, helping numerous high-quality enterprises successfully issue offshore bonds.