China / HK Blue-Chip IG
A-/A3+ China and Hong Kong issuers with large benchmark issues.
This screen highlights liquid, highgrade benchmark issues from premier Greater China and Hong Kong issuers rated A to AA+, offering professional fixedincome investors a compelling mix of defensive credit profiles and attractive nominal yields amid current market volatility. Shortdated paper presents unique pockets of value, notably led by the MTRC 2.5% maturing November 2026 at an eyecatching 12.32% YTW, alongside the SFHOLD 2.375% 2026 trading at a 9.10% YTW. Longduration allocations across dominant technology and financial bluechips—such as Alibaba (BABA 3.25% 2061 at 6.48% YTW), Tencent, and AIA—provide lockedin yields in the mid6% range backed by robust corporate balance sheets and systemic regional importance.
| # | Issuer | ISIN | Coupon | YTW | Price | Maturity | Next Call | Rating | CUR | AMT OUT |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MTR Corporation (C.I.) Limited | …4775 | 2.5 | 12.319 | 99.889375 | 2026-11-02 | AA+ | USD | 600MM | |
| 2 | SF Holding Investment 2021 Ltd. | …3011 | 2.375 | 9.099 | 99.64175 | 2026-11-17 | A- | USD | 800MM | |
| 3 | Prudential Funding (Asia) Plc | …0514 | 6.875 | 6.729 | 101.042 | 2036-11-03 | 2036-08-03 | A- | USD | 750MM |
| 4 | AIA Group Ltd, Hong Kong | …AK99 | 3.2 | 6.567 | 69.63 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 5 | AIA Group Ltd, Hong Kong | …AK17 | 3.2 | 6.54 | 69.8241875 | 2040-09-16 | 2040-03-16 | A+ | USD | 1.75BN |
| 6 | Tencent Holdings Ltd. | …BF06 | 5.6 | 6.537 | 89.7150603 | 2046-06-16 | 2045-12-16 | A+ | USD | 700MM |
| 7 | Amipeace Ltd. | …5006 | 1.75 | 6.521 | 99.852875 | 2026-11-09 | Inv Grade 3 | USD | 600MM | |
| 8 | Alibaba Group Holding Ltd. | …AV46 | 4.2 | 6.485 | 73.9250926 | 2047-12-06 | 2047-06-06 | A+ | USD | 1.75BN |
| 9 | Alibaba Group Holding Ltd. | …AZ59 | 3.15 | 6.48 | 59.5282223 | 2051-02-09 | 2050-08-09 | A+ | USD | 1.5BN |
| 10 | Alibaba Group Holding Ltd. | …BA99 | 3.25 | 6.48 | 55.7528036 | 2061-02-09 | 2060-08-09 | A+ | USD | 1BN |
Results are limited to USD bonds with an amount outstanding of at least USD 200MM.