Crédit Agricole CIB’s roaring success at The Asset Triple A Country Awards 2021

The 14 deals awarded at The Asset Triple A Country Awards 2021 illustrate Crédit Agricole CIB's capabilities and the constant enhancement of solution offerings particularly in debt capital markets for the origination and structuring of bonds for corporates, financial institutions and sovereigns.

In line with the Bank's recent announcements of a more ambitious framework to place climate finance at the heart of its strategy, 9 out of 14 transactions feature a sustainability component, demonstrating Crédit Agricole CIB's wide range of expertise in climate finance, as one of the pioneers and leaders in this field.

With over two decades of experience, The Asset Triple A Country Awards (Asset Asian Awards) combine recognition for the institutions and their customers. The board’s decisions are supplemented by data analytics from Asset Benchmark Research, the region’s leading research organisation evaluating client experience standards in the financial services industry.

CHINA OFFSHORE

Best Sustainability/Green Bond

China Merchants Bank Company's (Luxembourg) US$300 million sustainability bond / US$300 million “carbon neutrality” themed green bond: it is the first ever Secured Overnight Financing Rate (SOFR)-linked floating rate sustainability bond out of Asia-Pacific and client’s first “carbon neutrality” themed green bond.
Our role: Sustainability Structuring Agent, Global Coordinator and Bookrunner.

Best Green Bond – Financial Institution

Bank of China Macau Branch's CNH1 billion biodiversity-themed green bond & Bank of China Sydney Branch US$300 million green bond: it is the first biodiversity-themed green bond from an Asian issuer and a financial institution globally. The proceeds will be used for terrestrial and aquatic biodiversity conservation.µ
Our role: Bookrunner and Lead Manager.

Best Bank – Capital Bond

ICBC's US$6.16 billion Basel III-compliant undated Additional Tier 1 (AT1) capital securities: it is the first undated AT1 write-down capital bond from China Big Four banks in the international debt market and largest ever undated AT1 write-down capital bond in Asia and among the global commercial banks.
Our role: Bookrunner and Lead Manager.

HONG KONG

Best Green Bond – Government

HKSAR's US$2.5 billion multi-tranche green bond: it is HKSAR’s second green bond transaction and its largest US dollar bond issuance at the time of pricing and its first 30-year offering, which achieved the second lowest coupon globally for such a tenor.
Our role: Green Structuring Adviser, Global Coordinator, Bookrunner and Lead Manager.

Best Green Bond – Policy Bank

China Development Bank Hong Kong Branch's US$500 million senior unsecured green notes: it is the first green bond issuance by a policy bank in 2021, which attracted demand from central banks, sovereign wealth funds, large international commercial banks, pension funds and asset managers. Crédit Agricole CIB advised the issuer on the green structuring of this offering.
Our role: Bookrunner and Lead Manager.

Best Green Loan – Real Estate

Talent Point Limited's HK$5.29 billion green term loan and revolving facility: the first-ever syndicated green loan to support a property acquisition in Hong Kong.
Our role: Mandated Lead Arranger, Bookrunner and Underwriter.

Best Quasi-Government Bond

Hong Kong Mortgage Corporation's HK$7 billion/CNH2.5 billion dual-currency bond offering: a very rare foray of HKMC into the public bond market, effectively diversifying its investor base.
Our role: Global Coordinator, Bookrunner and Lead Manager.

INDIA

Best Sustainability-linked Bond – Financial Institution

Axis Banks' US$600 million sustainable Basel III-compliant AT1 perpetual securities: the first ever sustainability bond from India and achieved the lowest ever coupon globally for a B1-rated AT1 issuance.
Our role: Bookrunner and Lead Manager.

INDONESIA

Best Bond

Republic of Indonesia's €500 million Sustainable Development Goals (SDG) bond: it is the first SDG conventional bond issuance from an Asian sovereign and the first SDG bond framework verified by CICERO and IISD globally.
Our role: Sustainable Development Goal Structuring Adviser, Bookrunner and Lead Manager.

Best Quasi-Sovereign Bond

Pertamina's US$1.9 billion dual-tranche senior unsecured notes: the five-year tranche set the lowest ever coupon and yield for any US dollar global bond issuance in Indonesia and from an Asian integrated oil issuer.
Our role: Bookrunner and Lead Manager.

SINGAPORE

Best Bank – Capital Bond

DBS Group Holdings' US$500 million tier 2 subordinated notes: the first US dollar bank capital offering in Singapore in 2021 and first deal of its kind by DBS Group since 2018.
Our role: Lead Manager.

SOUTH KOREA

Best Green Bond – Corporate

SK hynix's US$1 billion senior unsecured green bond: part of US$2.5 billion triple-tranche fund raising, representing the largest international bond issuance by a Korean issuer (excluding the sovereign).
Our role: Bookrunner and Lead Manager.

TAIWAN

Most Innovative Deal – Sustainable Finance

SingDa Marine Structure Corporation's NT$5 billion green commercial paper guarantee issuance: the first of its kind in Asia-Pacific, the green facilities are associated with Ørsted’s Changhua 1 offshore wind farm project with a benefit of cutting approximately 988 kg of carbon dioxide emission annually.
Our role: Green Structuring Bank and Commercial Paper Guarantee Issuer.