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 issuers highlights compelling shorttolong duration opportunities across highgrade industrials, financials, and major communication giants. At the front end, benchmark liquid instruments such as the MTRC 2.5% 2026 and ICBCAS 1.625% 2026 offer aggressive yieldtoworst prints of 15.47% and 10.39% respectively, presenting tactical relative value for portfolios seeking robust nearterm cash flows. Meanwhile, longduration anchor names like the TENCNT 5.6% 2046 and BABA 3.25% 2061 lock in steady yields around 6.50% to 6.55%, allowing institutional investors to secure highquality sovereignproximate duration amid ongoing macroeconomic shifts.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 15.471 | 99.6 | 2026-11-02 | AA+ | USD | 600MM | |
| 2 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 10.392 | 99.8038334 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 3 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 7.565 | 99.60725 | 2026-11-17 | A- | USD | 800MM | |
| 4 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 6.94 | 99.8416 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 5 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.545 | 89.6258174 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
| 6 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.537 | 69.82 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 7 | Alibaba Group Holding Ltd. | …BA99 | 3.25 | 6.533 | 55.2811835 | 2061-02-09 | 2060-08-09 | A+ | USD | 1BN |
| 8 | Alibaba Group Holding Ltd. | …AW29 | 4.4 | 6.521 | 71.8779514 | 2057-12-06 | 2057-06-06 | A+ | USD | 1BN |
| 9 | Alibaba Group Holding Ltd. | …AV46 | 4.2 | 6.52 | 73.588925 | 2047-12-06 | 2047-06-06 | A+ | USD | 1.75BN |
| 10 | Tencent Holdings Ltd. | …BD57 | 3.94 | 6.503 | 64.9152794 | 2061-04-22 | 2060-10-22 | A+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.