China / HK Blue-Chip IG

A-/A3+ China and Hong Kong issuers with large benchmark issues.

This theme screens A/A3+ rated China and Hong Kong issuers with large benchmark USD bonds, combining the liquidity of indexsized lines with bluechip credit quality. For longerdated paper, yields across the set cluster around 6.4% to 6.6%, a meaningful pickup over many comparable investmentgrade credits, while BOCGRI's 11.198% YTW on its 2026 note stands out as the highestyielding name on the screen. Tencent's A+ rated 6.538% 2046 and 6.526% 2046 notes offer highquality communications exposure at similar yields, with the 5.6% coupon bond trading at a discount that adds to total return. Alibaba's 6.44% 2061 extends duration further, giving investors who want longend term premium a comparable yield from another A+ issuer. Financials add diversification, with AIA's 6.521% 2054 and Prudential's A rated 6.554% 2036 offering yields that compare well across different maturities. Spreads between sectors and tenors create relativevalue choices along the curve, making this set a useful starting point for comparing credit and duration tradeoffs.

Results are limited to USD bonds with an amount outstanding of at least USD 200MM.