On February 8, Sinochem Hong Kong (Group) Company Limited (SHK) issued a 3-year 1 billion offshore RMB bond with a final interest rate of 4.4%. This was the first offshore RMB bond issued by a Chinese-funded enterprise over the past two years. Thanks to the good reputation of Sinochem Group in the international capital market, 45 institutional investors including Fidelity Investment, Schroders Investment had placed their orders, amounting to a total of over 2.2 billion yuan.
On February 14, the bond was listed on the Hong Kong Stock Exchange.