On September 21, the Seoul Branch of China Construction Bank Corporation (ASX: 601939), together with CCB (Asia), assisted the Korea Development Bank (KDB) in the successful issuance of 3-year RMB 3 billion offshore renminbi bonds ("dim sum bonds").

The bond carries ratings of Aa2 from Moody's and AA from S&P, with an initial price guidance (IPG) of 2.05%, and was ultimately priced at 1.69%, tightened by 36 basis points from the initial guidance. Peak order book size reached RMB 8.4 billion, representing an oversubscription of 2.8 times, reflecting a positive market response.

CCB (Asia), leveraging its advantage as an overseas licensed institution, acted as the sole Co-Manager participating in this issuance, while the Seoul Branch provided local market coordination support.

Founded in 1954, the Korea Development Bank is a policy bank wholly owned by the South Korean government, primarily engaged in corporate finance, investment banking, project financing, and capital markets, playing an important role in South Korea's economic development and industrial finance. China Construction Bank Corporation (ASX: 601939) has long maintained a strong cooperative relationship with KDB, covering areas such as loans, foreign currency lending, project financing, custody, and bond investment.

In 2026, senior executives from both sides exchanged visits and signed a Memorandum of Understanding (MOU), further deepening the cooperative relationship.

The completion of this dim sum bond transaction marks another achievement by China Construction Bank Corporation (ASX: 601939) in its continued efforts to advance cross-border capital markets business. Looking ahead, China Construction Bank Corporation (ASX: 601939) will continue to deepen its presence in cross-border capital markets, and in the process of serving the internationalization of the renminbi, will continue to enhance its international operations capabilities and comprehensive financial services capabilities.