GTJAI Successfully Assisted Orient Securities in Issuing the World’s First Euro-denominated Yulan Bond

Rhea-AI Summary

Guotai Junan International Holdings Limited (1788.HK) successfully assisted Orient Securities in issuing the world's first Euro-denominated Yulan Bond on May 5, 2022, totaling 100 million Euros with a 3-year maturity and a 1.75% coupon rate. The bond saw positive market reception and efficient cost control despite volatility. Additionally, the company facilitated a US$200 million sustainable bond for Foshan Gaoming Construction Investment, marking key milestones in offshore and sustainable financing.

Positive

• Successfully issued the world's first Euro-denominated Yulan Bond, enhancing market reputation.
• Positive market response to the bond issuance, indicating strong demand.
• Facilitated the first sustainable bond in Foshan, expanding market opportunities.

Negative

• None.

HONG KONG--(BUSINESS WIRE)-- Guotai Junan International Holdings Limited ("Guotai Junan International", the "Company" or the "Group", Stock Code: 1788.HK) announced that the Company has successfully assisted Orient Securities Company Limited (“Orient Securities”) in issuing the world’s first Euro-denominated Yulan Bond on May 5, 2022. The issuance size amounted to 100 million Euros, with a maturity period of 3 years and coupon rate of 1.75%. 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 14 April 2022, 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 3-year US$200 million senior fixed-rate sustainable bonds. 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.

In the future, the Company will continue to implement the managing philosophy of the parent company Guotai Junan Securities – “Finance for the Good” and “Finance for the People”, by guiding global capital allocation to high-quality and sustainable Chinese enterprises through businesses such as investment banking, asset management and private equity, to meet the needs of corporate and institutional clients to transform to low-carbon and sustainable development and support the vigorous development of Chinese enterprise customers with practical actions.

About GTJAI

Guotai Junan International (“GTJAI”, Stock Code: 1788.HK) is the market leader and first mover for internationalization 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. It has also been included in FTSE4Good Index by London Stock Exchange of the United Kingdom. Based in Hong Kong, GTJAI provides diversified integrated financial services. Core business includes seven categories of brokerage, corporate finance, asset management, loans and financing, financial products, market making and investments, which cover three dimensions including individual finance (wealth management), institutional finance (institutional investor services and corporate finance service) and investment management. GTJAI has been assigned “Baa2” and “BBB+” long term issuer rating from Moody and Standard & Poor respectively. The controlling shareholder, Guotai Junan Securities Company Limited (Stock Code: 601211.SH; 2611.HK), is the comprehensive financial provider with a long-term, sustainable and overall leading position in the Chinese securities industry. For more information about GTJAI, please visit https://www.gtjai.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510006549/en/

Jason Yan, CFA

jason.yan@gtjas.com.hk

+852 2509 5487

Mia Wu

mia.wu@gtjas.com.hk

+852 2509 2138

Source: Guotai Junan International Holdings Limited

FAQ

What is the significance of the Euro-denominated Yulan Bond issued by GJJSY?

It marks the first issuance of its kind, indicating a significant milestone in international financing.

When was the Yulan Bond issued by Guotai Junan International?

The bond was issued on May 5, 2022.

What was the total size of the Yulan Bond issued by Orient Securities with the help of GJJSY?

The issuance size amounted to 100 million Euros.

What company did Guotai Junan International assist in issuing sustainable bonds?

Guotai Junan International assisted Foshan Gaoming Construction Investment.

What was the coupon rate of the Euro-denominated Yulan Bond?

The coupon rate was 1.75%.