China / HK Blue-Chip IG
A-/A3+ China and Hong Kong issuers with large benchmark issues.
This screen captures a highgrade crosssection of A/A3+ rated China and Hong Kong benchmark issues, offering professional fixedincome investors compelling entry points across sovereign, financial, industrial, and technology sectors. Shortdated paper presents extraordinary relativevalue anomalies, led by the CHINA 1.25% 2026 sovereign trading at an eyecatching 19.54% YTW alongside statebacked names like ICBCAS offering 12.57% and ICBCIL yielding 7.71%. Longduration allocations benefit from steep discounts on premier tech and insurance credits, featuring deepvalue instruments such as the BABA 3.25% 2061 trading at 55.80 cents to yield 6.47% and the highcoupon TENCNT 5.6% 2046 offering 6.54% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | China (People's Republic Of) | …AE27 | 1.25 | 19.541 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 2 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 12.572 | 99.78575 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 3 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 7.713 | 99.831 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 4 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 7.706 | 99.6115 | 2026-11-17 | A- | USD | 800MM | |
| 5 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 6.885 | 99.8638438 | 2026-11-02 | AA+ | USD | 600MM | |
| 6 | Amipeace Ltd. | …5006 | 1.75 | 6.669 | 99.75225 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 7 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.55 | 69.7262609 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 8 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.539 | 89.6807223 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
| 9 | Alibaba Group Holding Ltd. | …AW29 | 4.4 | 6.481 | 72.2982679 | 2057-12-06 | 2057-06-06 | A+ | USD | 1BN |
| 10 | Alibaba Group Holding Ltd. | …BA99 | 3.25 | 6.473 | 55.8028333 | 2061-02-09 | 2060-08-09 | A+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.