Shanghai-headquartered Bank of Communications BoCom has issued a digital bond through its Hong Kong branch.
The bond is for $300 million on a secured overnight financing rate SOFR floating rate, and is due 2028, according to a media release. As of January 21, the coupon rate was 4.8276% as disclosed on the Hong Kong Stock Exchange, where the notes are listed.
The issuance marks the first Chinese bank issuer in the field, after the first Chinese corporate issuer, Zhuhai Huafa, which issued a three-year Rmb1.4 billion $191 million digitally native bonds late last year.
The notes are cleared...
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