First China yuan bonds to be listed in Malaysia


Yang Hao, Deputy Chief Executive of China Construction Bank (Asia) Corp Ltd (“CCB Asia”) striking the gong to signify the launch of the proposed listing of the world’s first ever 21st Century Maritime Silk Road bond on Bursa Malaysia witness by Dato’ Sri Nazir Razak, Group Chairman of CIMB Group (third right), Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive of CIMB Group (second right), Tan Sri Amirsham A Aziz, Chairman of Bursa Malaysia (right), Ren Dongyan, General Manager of China Construction Bank Singapore Branch (“CCB Singapore”) (second left) and Lu Yang, Deputy CEO of China Construction Bank International (“CCB International”) (left)

PETALING JAYA: China Construction Bank (Asia) Corp Ltd (CCB Asia) has received Bursa Malaysia approval to list the world’s first-ever 21st Century Maritime Silk Road bond worth one billion yuan (RM670mil) on the local bourse.

The notes due in 2017 would be the first yuan-denominated bonds issued by a China state-owned bank to be listed on Bursa under the exempt regime. The issuance is part of China Construction Bank Corp’s (CCB) plan to support China’s “The Land & Maritime Silk Road” initiative.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Federal Court rules in SC’s favour, Ricky Wong’s leave application dismissed
Regional expansion to bode well for CTOS
Miti: Semiconductor industry offers Malaysia chance for exponential growth
Ringgit slightly higher at the close
Awantec to strengthen its synergistic offerings to drive growth
Bursa Malaysia hits all-time high market capitalisation of more than RM2 trillion
Sapura Energy gets US$1.8bil worth of PLSV-related contracts
OCK enters tower leasing agreement, marks debut into Laos
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
FBM KLCI soars above 1,600, highest in over two years

Others Also Read