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State Grid Raises 14.9 Billion Yuan via Dim Sum Bonds

8/19/2026

Summary

Story summary

State Grid Corp of China raised 14.9 billion yuan (US$2.2 billion) via dim sum bonds, the largest issuance by a state-owned firm.
Bank of China acted as joint global coordinator and underwrote full 14.9 billion yuan issue across five-, ten- and twenty-year notes.
Orders totalled 193.8 billion yuan, over 13 times the amount offered, while Financial Secretary Paul Chan Mo-po said dim sum issuance reached 1 trillion yuan in two years with size near 1.6 trillion yuan.

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Story summary

State Grid Corp of China raised 14.9 billion yuan (US$2.2 billion) via dim sum bonds, the largest issuance by a state-owned firm.
Bank of China acted as joint global coordinator and underwrote full 14.9 billion yuan issue across five-, ten- and twenty-year notes.
Orders totalled 193.8 billion yuan, over 13 times the amount offered, while Financial Secretary Paul Chan Mo-po said dim sum issuance reached 1 trillion yuan in two years with size near 1.6 trillion yuan.