BOCI is the only Chinese investment bank with a comprehensive fixed income business that spans both international and domestic China markets. Its fixed income business covers:
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Sales, trading and research of domestic and international fixed income and credit products;
- Structured products and liability management solutions;
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Debt capital markets for the raising of straight debt and structured debt financing for corporations, governments and institutions.
BOCI’s fixed income sales, trading and research teams are located in key financial centres including Hong Kong, Beijing and Shanghai, giving it extensive access to domestic and international investors.
BOCI has a dedicated international and domestic PRC debt capital markets team focused on bringing Greater China issuers to the international debt markets through provision of a broad range of debt financing solutions for corporations and government institutions. Capabilities in the international markets include high-grade debt issuances for large corporations and high yield / convertible bond issues for private enterprises. Domestically, BOCI is active in the corporate bond, financial bond, government bond and convertible bond markets.
Deal credentials include acting as Joint Global Coordinator for the Hong Kong SAR Government’s HK$20 billion inaugural global bond, named as "The Best Sovereign Bond Issue of the Year", as well as the US$500 million 10-year issue for China Merchants (Holdings) International and the US$1 billion 10-year issue for China Exim Bank. More recently, BOCI acted as Joint Lead Manager and Bookrunner for the US$400 million High-Yield Bond and Warrants offering for Neo-China Group (Holdings) Limited, marking the second transaction for this client within a year. In the convertible bond market, BOCI has recently completed a HK$300m convertible bond offering for Fushan International Energy Group Limited.
In the Chinese market, BOCI is the Number 1 ranked Securities Company underwriting Chinese Government Bonds and Financial Bonds up to now. It is a leader in underwriting and managing Corporate Bond issuance, and has in recent years lead managed issues for corporations such as PetroChina, Ministry of Railways and China Resources. It has been an innovator in the market by acting as the Sole Lead Manager of Asian Development Bank’s Panda Bond, the first ever RMB-denominated bond issued by a non-Chinese entity.