China / HK Blue-Chip IG
A-/A3+ China and Hong Kong issuers with large benchmark issues.
This screen highlights A/A3andabove benchmark issuers across China and Hong Kong, offering professional fixedincome investors a concentrated pool of highgrade paper spanning sovereigns, policy banks, and toptier corporates. The front end of the curve currently presents extreme pricing dislocation, led by sovereign and quasisovereign names like the CHINA 2026 trading at a 24.114% YTW and ICBCAS at 21.748%, alongside select industrial and financial benchmarks such as SFHOLD offering 10.608% and ICBCIL at 8.94%. Further out on the curve, longduration bluechip tech and insurance names provide attractive duration lockin and attractive absolute yields, exemplified by TENCNT 2046 at a 6.518% YTW and AIA 2040 bonds hovering near 6.50% to 6.56% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | China (People's Republic Of) | …AE27 | 1.25 | 24.114 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 2 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 21.748 | 99.663 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 3 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 10.608 | 99.425 | 2026-11-17 | A- | USD | 800MM | |
| 4 | Amipeace Ltd. | …5006 | 1.75 | 9.016 | 99.655 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 5 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 8.94 | 99.812 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 6 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 7.49 | 99.8592308 | 2026-11-02 | AA+ | USD | 600MM | |
| 7 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.564 | 69.6283334 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 8 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.518 | 89.9023975 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
| 9 | AIA Group Ltd, Hong Kong | …AK17 | 3.2 | 6.501 | 70.0831643 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 10 | Alibaba Group Holding Ltd. | …BA99 | 3.25 | 6.462 | 55.9015 | 2061-02-09 | 2060-08-09 | A+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.