Oct 2020, China Construction Bank (CCB) successfully underwrote a retap of USD 250 million dollar-denominated bond issuance in the RegS markets for The Arab Petroleum Investments Corporation (APICORP). This is the first time that CCB was mandated as the Joint Lead Manager (JLM) by a super-sovereign (SSA) issuer and expanded the global DCM business to the Middle East.

The successful launch of this business fully reflects the ability of CCB in the DCM business area. Through this business, CCB has further expanded the scopes of cooperation with clients in Middle East, and has strengthened comprehensive cooperation with regional international institutions in asset and liability business. Meanwhile, CCB will always provide a favorable business platform for our clients in Middle East to connect with China in the future, especially for the enterprises in member states of APICORP, and built a bridge for investors from the Middle East to deepen cooperation in the capital markets within China and Asia area.