China / HK Blue-Chip IG
A-/A3+ China and Hong Kong issuers with large benchmark issues.
This curated screening of A/A3+ rated China and Hong Kong bluechip benchmark issues highlights a compelling pocket of highyield opportunities concentrated heavily in late2026 maturities across government, financial, and industrial sectors. Shortdated sovereign and quasisovereign paper presents striking anomaly yields, led by the CHINA 1.25% 2026 trading at a 10.395% YTW alongside bankbacked names like ICBCAS offering a 12.123% YTW and ICBCIL at 8.515%. Further out the curve, ultralong highgrade tech and insurance benchmarks—such as the BABA 3.25% 2061 yielding 6.457% and AIA 3.2% 2040 offering 6.484%—provide professional fixedincome allocators attractive durationlocking potential underpinned by rocksolid credit fundamentals.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 12.123 | 99.6484286 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 2 | China (People's Republic Of) | …AE27 | 1.25 | 10.395 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 3 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 9.016 | 99.425 | 2026-11-17 | A- | USD | 800MM | |
| 4 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 8.515 | 99.71875 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 5 | Amipeace Ltd. | …5006 | 1.75 | 7.12 | 99.655 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 6 | AIA Group Ltd, Hong Kong | …AK17 | 3.2 | 6.484 | 70.1898783 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 7 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.484 | 90.2459925 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
| 8 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.482 | 70.2006875 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 9 | Alibaba Group Holding Ltd. | …AW29 | 4.4 | 6.458 | 72.5316905 | 2057-12-06 | 2057-06-06 | A+ | USD | 1BN |
| 10 | Alibaba Group Holding Ltd. | …BA99 | 3.25 | 6.457 | 55.9379501 | 2061-02-09 | 2060-08-09 | A+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.