GTJAI ASSISTS ORIENT SECURITIES ISSUING WORLD’S FIRST EURO-DENOMINATED YULAN BOND

KUALA LUMPUR, May 18 (Bernama) -- Guotai Junan International Holdings Limited (Guotai Junan International, the Company or the Group) announced the Company has successfully assisted Orient Securities Company Limited (Orient Securities) in issuing the world’s first Euro-denominated Yulan Bond on May 5.

The issuance size amounted to 100 million Euros, with a maturity period of three years and coupon rate of 1.75 per cent, according to a statement.

The final pricing was MS+68bps, 27 bps narrowed from the initial price guidance. The bond was issued smoothly with rational cost control under the highly volatile Euro market and received positive response from the market.

As the only Chinese investment bank with the ability to deliver Yulan Bonds, Guotai Junan International actively communicated with Shanghai Clearing House and Euroclear Bank during this issuance, assisted Orient Securities in the whole registration process of the Yulan Bond and handled various investment instructions from investors to ensure the smooth completion of the delivery.

Meanwhile, Guotai Junan International served as the joint global coordinator, joint bookrunner and joint lead manager, helping Orient Securities resume overseas roadshows after three years and escorting the final pricing.

In addition, on April 14, Guotai Junan International, acting as the lead global coordinator and sole sustainable financing consultant, successfully assisted Foshan Gaoming Construction Investment Group Co Ltd (Gaoming Construction Investment) in issuing three-year US$200 million senior fixed-rate sustainable bonds. (US$1 = RM4.384)

It was the first offshore bond and the first sustainable bond issued in Foshan, as well as the largest offshore bond issuance with a standby letters of credit in Guangdong Province.

Guotai Junan International (GTJAI) is the market leader and first mover for internationalisation of Chinese Securities Company as well as the first Chinese securities broker listed on the Main Board of The Hong Kong Stock Exchange through initial public offering.

More details at https://www.gtjai.com.

-- BERNAMA