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Sinochem Issued Seven-year Bonds to Raise CHF 250 Million

Date:2015-05-26 Source:Sinochem Group

On May 21, 2015, Sinochem successfully issued CHF 250 million seven-year bonds at coupon of 0.76%. The issuing entity is Sinochem Offshore Capital Company Limited, a wholly-owned subsidiary of Sinochem Hong Kong (Group) Co., Ltd.

The transaction marks the first ever CHF bond offering by a Chinese issuer, and also the first CHF corporate bond issuance in the emerging markets globally since November 2014. The offering was well received among Swiss investors, setting a record of longest tenure and lowest coupon for CHF bonds issuance by Chinese institutions.