The Industrial and Commercial Bank of China has played a key role as a joint lead underwriter and joint bookrunner in facilitating the Ministry of Finance's recent successful issuance of RMB 6 billion in green sovereign bonds in the Hong Kong Special Administrative Region.

The issuance comprised two tranches: a 3-year bond for RMB 3 billion with a coupon rate of 1.42%, and a 5-year bond for another RMB 3 billion with a coupon rate of 1.56%. The RMB-denominated green sovereign bonds were met with strong market enthusiasm, attracting active subscription from international investors. The investor base was diverse in type and broad in geographical distribution, with total subscription orders reaching RMB 62.4 billion, representing a coverage ratio of 10.4 times the issue amount.

Industrial And Commercial Bank Of China Limited (ASX: ICBC)

ICBC consistently places high importance on its role in government bond issuance services. For this transaction, the bank leveraged its integrated group strength and global service capabilities to actively engage in investment subscription and market promotion activities.

Looking ahead, ICBC will continue to utilize its comprehensive group-wide expertise in bond operations to support all aspects of the Ministry of Finance's offshore bond issuance program.