China / HK Blue-Chip IG
A-/A3+ China and Hong Kong issuers with large benchmark issues.
This curated screen highlights highgrade benchmark issuers from China and Hong Kong, pairing robust A/A3rated credit profiles with compelling absolute and relative value across the curve. Frontend liquidity anchors the theme, led by lowcoupon sovereign and quasisovereign names offering aggressive yields to maturity, such as the CHINA 1.25% 2026 at 31.74% YTW and the ICBCAS 1.625% 2026 at 25.59% YTW. Longerduration exposure provides attractive entry points into elite corporate credits, featuring deepdiscount structural plays like the TENCNT 3.24% 2050 yielding 6.46% and highgrade Hong Kong proxies like the MTRC 2.5% 2026 at 7.49% YTW.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | China (People's Republic Of) | …AE27 | 1.25 | 31.736 | 99.745 | 2026-10-26 | A+ | USD | 1.5BN | |
| 2 | Industrial and Commercial Bank of China Limited, Hong Kong Branch | …3350 | 1.625 | 25.587 | 99.6655715 | 2026-10-28 | Inv Grade 3 | USD | 1BN | |
| 3 | ICBCIL Finance Co Ltd. | …8488 | 2.25 | 12.35 | 99.745 | 2026-11-02 | Inv Grade 3 | USD | 750MM | |
| 4 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 10.95 | 99.425 | 2026-11-17 | A- | USD | 800MM | |
| 5 | Amipeace Ltd. | …5006 | 1.75 | 9.47 | 99.655 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 6 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 7.491 | 99.87325 | 2026-11-02 | AA+ | USD | 600MM | |
| 7 | AIA Group Ltd, Hong Kong | …AK17 | 3.2 | 6.501 | 70.09 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 8 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.499 | 70.1025 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 9 | Tencent Holdings Ltd. | …AV81 | 3.24 | 6.456 | 61.2941826 | 2050-06-03 | 2049-12-03 | A+ | USD | 2BN |
| 10 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.45 | 90.5945102 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.