OREANDA-NEWS. November 26, 2012. In recent days, China Guangdong Nuclear Power Holding Co., Ltd (CGNPC) successfully issued RMB1.5 billion 3-year worth of bonds overseas. ABC International Holdings Limited (ABC International) acted as its joint book runner and joint lead underwriter, reported the press-centre of ABC.

Approved by the National Development & Reform Commission (NDRC) and issued by CGNPC directly in Hong Kong, this offering is another large bond project following Baosteel’s RMB bond issuance this year in HK’s bond market.

This offering was well received in the market, attracting orders of RMB 7.2 billion from 85 high-quality accounts, nearly 4 times oversubscribed. This bond was finally priced at 3.75%, which was an obvious cost advantage over the bonds issued in Chinese mainland.

With the cooperation of the Head Office and Shenzhen Branch of Agricultural Bank of China Limited (ABC), ABC International has successfully introduced for CGNPC cornerstone investors including China Trust Commercial Bank (Taiwan), which has built a solid foundation for the offering. This offering was highly recognized by the issuer and has become another successful case for domestic and foreign financial collaboration.