On March 21, 2013, ABC International ("ABCI") is honored to have acted as Joint Lead Manager and Joint Bookrunner for China Minmetals Corporation debut RMB 2.5 billion 3-year CNH bond offering. With the order book exceeding RMB 12 billion, the deal was successfully priced at 3.65%, the low end of the final price guidance.
The captioned issue has marked several records in the CNH bond market, including: 1. largest transaction size materialized by state-owned enterprise; 2. lowest coupon rate achieved by corporate issuer year-to-date; 3. shortest time taken from deal announcement to transaction pricing. ABCI introduced the only price-insensitive anchor order to the transaction and such contribution was highly recognized by China Minmetals Corporation.