Bank of China Successfully Assists Korea Development Bank in Issuing 3 Billion Yuan Dim Sum Bonds

Recently, as co-sponsor and bookrunner, the Bank of China successfully assisted the Korea Development Bank in issuing a three-year offshore RMB bond (Dim Sum Bond) worth 3 billion yuan with a coupon rate of 1.69%. This issuance set a record for the largest public offshore RMB bond issued by the Korea Development Bank. The bank stated that this successful transaction not only effectively helped the issuer secure low-cost overseas financing but also established a new benchmark for cooperation between financial institutions in China and South Korea in the offshore RMB bond market, demonstrating a positive example in enriching the issuer structure of the offshore market and advancing the international use of the RMB.