FGB scoops Best International Bond award

FGB, one of the leading banks in the UAE, recently won the Best International Bond award at Asiamoney/Global Capital Asia’s ‘Best China Deals 2015’ ceremony in Hong Kong.

The bank was recognised for its role as a Bookrunner for the Bank of China’s ambitious four-currency, six-tranche $3.5 billion One Belt, One Road bond. FGB was both bookrunner for the offshore Renminbi tranche and a joint bookrunner for the Euro tranche.

The transaction was designed to reflect China’s One Belt, One Road initiative, by recreating the Silk Road which connected Asia with Eastern Europe. As such, four different Bank of China branches, in Hong Kong, Singapore, Abu Dhabi and Hungary, issued the bonds. The complex transaction broke several records. It holds the Asian record for the largest S Reg only bond, first four-currency trade and the largest number of tranches. It is also the first euro floater and the first public SGD bond from a Chinese bank.

The ceremony took place as part of Asiamoney’s annual summer awards dinner, marking the first Asiamoney/Global Capital Asia ‘China Deals and Investment Bank of the Year Awards’, which celebrated the standout transactions and institutions of 2015.