On 9 May 2013, ABC International is honored to have acted as Joint Lead Manager and Joint Bookrunner for China Railway Construction Corporation (Moody’s/S&P: A3/A-) debut USD bond offering. The issuer successfully issued US$800 million in 10 year bonds at a yield of 10-year Treasuries plus 1.78%, the low end of the final price guidance. CRCC has obtained approval from the PRC State Administration of Foreign Exchange to guarantee the USD bond transaction issued by its Hong Kong subsidiary. The proceeds from this issuance will be used for investments in certain overseas businesses as well as for general corporate purposes. With over 260 account participation and USD 5 billion subscription amount, the transaction was oversubscribed over 6 times.