On June 6, 2014, ABC Singapore branch and DBS Bank Ltd, as joint bookrunners and joint lead managers, successfully arranged a 3 year offshore RMB 500 million bond issuance for AVIC International Leasing Co., Ltd. ABC Singapore branch provided the credit enhancement to the bonds through a standby letter of credit. As ABC Singapore branch's exposure is fully covered by a high credit rating institution, the transaction risk is low to the branch. Being 5.2 times oversubscribed, the offering was very well received by international investors and 43% of the investors came from Singapore.

Despite recent weakness in the offshore RMB bond market and increasing number of new issues, by leveraging on its own strengths, ABC Singapore branch collaborated closely with an international investment bank and helped AVIC International Leasing Co., Ltd. access international bond market in its maiden foray. Through this transaction, ABC Singapore branch also gained valuable insights to further develop the Bank抯 bond underwriting business.