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Bonds Underwritten by ICBC Raises RMB 1.4 Trillion for Real Economy Last Year
 

In 2015, ICBC has continued to meet the financing needs of real economy by means of direct financing such as underwriting of bonds to further broaden the financing channels for enterprises and reduce the cost of financing. According to statistics, ICBC, as the lead underwriter, underwrote over 1,600 types of overseas and domestic bonds in 2015, raising more than RMB 1.4 trillion for the real economy, in which domestic bonds reached RMB 1.15 trillion, both ranking the first among domestic banks. Alongside the substantial growth in financing size, the types of bonds underwritten by ICBC as the lead underwriter were increasingly diversified, covering short-term financing bonds, medium-term notes, super & short-term commercial paper, private placement note, perpetual capital securities, financial bonds, local government bonds, asset-backed securities and other major products in the market.

According to an official of ICBC, development of bonds is an integral part of the improvement of a multi-level capital market and expansion of direct financing. In terms of bond financing, underwriters play a significant role in integrating real economy and financial institutions as the bridge between bond issuers and investors. To that end, by leveraging its professional market research, product innovation and advantages in multi-level sales channels, ICBC has provided positive support to the key areas of real economy through bond financing, including national key projects, public projects, small and micro businesses, as well as projects related to “Going Global” and "Belt and Road” initiative. In 2015, the non-financial corporate bonds underwritten by ICBC as the lead underwriter exceeded RMB 500 billion for the first time, maintaining its position as a market leader. Meanwhile, by relying on its advantages in integrated operation worldwide, ICBC actively supported Chinese enterprises to issue bonds and raise funds in overseas markets. The offshore bonds underwritten and issued by the bank in 2015 were equivalent to USD 43.2 billion in total, covering USD, EUR, HKD, SGD, CHF and RMB.


(2016-01-27)
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