BSCOMC successfully lists its first Eurobond at CEINEX in Frankfurt

February 24, 2022, the senior unsecured Eurobond, issued by Beijing State-owned Capital Operation and Management Company Limited (“BSCOMC”, or the “Company”), is admitted to the Open Market at the Frankfurt Stock Exchange and will be available for trading on the China Europe International Exchange AG (CEINEX) in Frankfurt.

The transaction marks the largest single tranche issuance by a Chinese debut issuer in EUR market, the highest issue ratings obtained by a Chinese local state-owned company, and the lowest spread achieved by a Chinese provincial state-owned company in a debut EUR issuance. The EUR 1.0bn 3-year senior notes were priced with a spread of 80bps above the benchmark EUR 3-year interest rate swap mid-rate (“MS”) and coupon rate of 1.206%.

The transaction is BSCOMC’s debut bond issuance in offshore market, and the largest inaugural single tranche EUR bond from Chinese corporate issuer on the China Europe International Exchange (CEINEX) market place in Frankfurt. Being the first EUR investment grade transaction from Chinese corporate issuer in 2022, the issuance received diversified investor interests from sovereigns, investment funds, insurance and asset management companies in Europe and Asia.

The successful listing of the Eurobond on CEINEX has created a bridge between Beijing with the European financial market and laid a strong foundation for state-owned enterprises from Beijing to go global and expand their international business. As a bridge between China and EU financial markets, CEINEX supplies diversified financial services to promote the corporate development and urban construction. CEINEX welcomes more high-quality Chinese issuers to list bonds on CEINEX platform to optimize their financing costs, and through our platform to present promising prospects of Chinese enterprises and cities’ development to international investors.


About China Europe International Exchange AG (CEINEX)
CEINEX is a joint venture established by the Shanghai Stock Exchange, the Deutsche Börse Group, and the China Financial Futures Exchange, operation starting from November 2015. CEINEX focuses on providing China-related financial instruments to global investors, dedicating to build an offshore platform for trading RMB-denominated financial products, risk management and asset allocation in Europe.


About Beijing State-owned Capital Operation and Management Co., Ltd (BSCOMC)

BSCOMC is the largest local state-owned company in China with total asset of RMB3,198bn (around EUR 450bn) as of end-2020, accounting for over half of the assets under the management of Beijing Municipal Government’s State-owned Asset Supervision and Administration Commission (SASAC). It is the only state-owned capital operation company in Beijing and committed to positioning itself as “Beijing's Temasek" and the first Chinese investment-controlled company that attained China's sovereign credit rating (A1/A+/A+) by all three international rating agencies.


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Ms. Huihui ZHANG / +49 (0) 6196 5866960


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