June 6, 2022, Singapore – China Construction Bank Corporation (“CCB” or the “Group”) Singapore Branch (“CCB Singapore”) announced today that it has successfully issued S$350 million “The Belt and Road Initiative” Infrastructure SGD bonds, to be listed on Singapore Exchange Securities Trading Limited (“SGX-ST”).

This is CCB Singapore’s fourth SGD bond issuance in the local debt market as well as the seventh bond issuance in the “The Belt and Road Initiative” Infrastructure bond series. Including this issuance, CCB Singapore has to-date, raised in aggregate more than S$2.4 billion equivalent in the local market. Moody’s has awarded “A1” rating for this bond issuance.

The S$350 million 2-year bonds were priced at a yield of 2.85%, after a tightening of 20 bps from the initial price guidance. The issuance was oversubscribed, with strong demand from high quality investors from different countries and regions, including central bank, commercial banks, private banks, and asset managers.

The Singapore Dollar bond issue demonstrated China Construction Bank Corporation’s continued commitment to the Singapore market and signaled the importance of its strategic partnership with Singapore to boost ASEAN economic growth through the Belt and Road Initiative.