2019 bonds/certificates of deposit risk rating changes ... · bond code issuer currency maturity...

2019 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 25 Oct 2019)

Bond Code Issuer Currency

Maturity Date Coupon Risk Rating Risk Rating

(MM-DD-YY) (% per annum) (as of 24 Jul 2019) (as of 25 Oct 2019)

XS1437622977 BANK OF CHINA LIMITED, LUXEMBOURG BRANCH USD 7/12/2021 2.25% 3 1

SG7P31938278 CAPITALAND TREASURY LTD SGD 10/31/2019 4.35% 3 2

XS1513492188 CHINA DEVELOPMENT BANK HK USD 11/3/2021 1.875% 3 2

HK0000086634 PEOPLE'S REPUBLIC OF CHINA CNY 8/18/2021 2.36% 3 2

XS1076016432 DAIMLER AG GBP 12/4/2020 2.75% 4 3

XS0158739739 DEUTSCHE TELEKOM INTERNATIONAL FINANCE B.V. GBP 12/4/2019 7.375% 4 3

HK0000334208 EMPEROR INTERNATIONAL HOLDINGS LIMITED HKD 3/30/2022 4.7% 4 5

XS1485534595 EMPEROR INTERNATIONAL HOLDINGS LIMITED USD 9/19/2021 4% 4 5

HK0000082328 HONG KONG SPECIAL ADMINISTRATIVE REGION HKD 6/21/2021 2.31% 2 1

HK0000085537 HONG KONG SPECIAL ADMINISTRATIVE REGION HKD 8/4/2021 2.46% 2 1

HK0000118940 KOWLOON CANTON RAILWAY CORPORATION HKD 6/15/2021 3.88% 2 1

XS0849673602 PEPSICO, INC. GBP 11/1/2022 2.50% 4 3

USG8450LAG98 STATE GRID OVERSEAS INVESTMENT (2016) LIMITED USD 5/4/2022 2.75% 3 2

2019 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 24 Jul 2019)



(MM-DD-YY) (% per annum) (as of 29 Apr 2019) (as of 24 Jul 2019)

US037833AR12 APPLE INC USD 5/6/2021 2.85% 2 1

AU3TB0000036 AUSTRALIAN GOVERNMENT AUD 4/15/2020 4.50% 3 2

HK0000417789 BK OF COMMUNICATIONS/HK HKD 5/11/2021 3.20% 3 1

XS1422840733 CCBL CAYMAN 1 CORP USD 5/31/2021 2.75% 3 1

XS1308339420 CHN CLEAN ENERGY DEVELOP USD 11/5/2025 4.00% 4 3

XS1553211134 CHINA DEVELOPMENT BANK USD 1/24/2022 2.625% 3 2

XS1395523001 EXPORT-IMPORT BANK CHINA USD 4/26/2021 2.00% 2 1

XS0100863298 HSBC FINANCE CORP GBP 8/19/2019 6.25% 4 3

US404280AK50 HSBC HOLDINGS PLC USD 4/5/2021 5.10% 3 1

XS1317967492 HUARONG FINANCE II USD 11/19/2025 5.00% 4 3

USG4671AAA81 HUTCHISON WHAM INT USD 9/11/2019 5.75% 3 2

USY3R559AK81 ICBCIL FINANCE CO LTD USD 5/19/2021 2.75% 3 1

XS1566970874 IND & COMM BK CHINA/HK USD 2/21/2022 2.875% 3 2

XS1492428641 INDUSTRIAL BANK/HK USD 9/21/2021 2.375% 4 3

HK0000241106 NEW WORLD CHINA LAND HKD 1/28/2022 5.00% 4 3

XS1133586963 NEW WORLD CHINA LAND USD 11/6/2019 5.375% 4 3

USG8200TAB64 SINOPEC GRP OVERSEAS DEV USD 5/3/2021 2.75% 2 1

XS0446665886 SWIRE PACIFIC MTN FIN USD 8/19/2019 5.50% 3 2

2019 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 29 Apr 2019)



(MM-DD-YY) (% per annum) (as of 28 Jan 2019) (as of 29 Apr 2019)

USY04342AA28 BANK OF BARODA/LONDON USD 7/23/2019 4.875% 4 3

XS1065044312 BOC AVIATION LTD USD 5/9/2019 3.875% 3 2

HK0000285244 CHEUNG KONG FINANCE MTN HKD 1/20/2020 4.35% 3 2

XS1236611684 CHINA OVERSEAS LAND INTL EUR 7/15/2019 1.75% 4 3

US172967BL44 CITIGROUP USD 6/15/2032 6.625% 5 4

XS1505860624 FUXIANG INVESTMENT USD 11/30/2019 3.625% 4 3

US428236BV43 HP INC USD 12/9/2021 4.65% 4 3

USG4639DWC57 HSBC BANK PLC USD 1/19/2021 4.75% 2 1

USG4672UAA37 HUTCH WHAM INT 09 LTD USD 4/9/2019 7.625% 3 2

AU3CB0226728 LANDWIRTSCH. RENTENBANK AUD 1/20/2020 2.7% 3 2

XS1265180643 MINMETALS BOUNTEOUS FIN USD 7/30/2025 4.75% 4 3

XS1084957155 ONGC VIDESH LTD USD 7/15/2019 3.25% 4 3

US718286BZ91 REPUBLIC OF PHILIPPINES USD 1/20/2040 3.95% 5 4

US718286BK23 REPUBLIC OF PHILIPPINES USD 1/15/2021 4% 4 3

US05567LT315 BNP PARIBAS USD 1/15/2021 5% 3 1

2019 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 28 Jan 2019)



(MM-DD-YY) (% per annum) (as of 25 Oct 2018) (as of 28 Jan 2019)


HK0000072832 HONG KONG GOVERNMENT HKD 12/7/2020 2.44% 2 1

XS1379107565 AZURE ORBIT III INTL FIN USD 3/21/2019 2.13% 3 2

XS1720540308 BANK OF CHINA/PARIS CNY 11/22/2020 4.50% 3 2

NZGOVDT319C0 NEW ZEALAND GOVERNMENT NZD 3/15/2019 5% 3 2

XS1214406792 FORMOSA GROUP CAYMAN LTD USD 4/22/2025 3.38% 4 3

XS1125272143 KING POWER CAPITAL LTD USD 11/3/2024 5.63% 4 3

XS1037253645 NWD MTN LTD USD 2/26/2021 5.25% 4 3

XS1048622689 POLY REAL ESTATE FINANCE USD 4/25/2019 5.25% 4 3

XS1303791336 AGRICULTURAL BK OF CHINA USD 10/20/2020 2.75% 3 1

XS1684818377 EASTERN CREATION II INVE USD 9/26/2020 2.75% 3 1

XS1328129009 GUANGZHOU METRO INVESTMENT FINANCE BVI LTD USD 12/3/2020 3.38% 3 1

XS0554846781 SUN HUNG KAI PROP (CAP) USD 11/2/2020 4% 3 1

US01609WAC64 ALIBABA GROUP HOLDING USD 11/28/2019 2.50% 1 2

USG01719AB25 ALIBABA GROUP HOLDING USD 11/28/2019 2.50% 1 2





US01609WAC64 ALIBABA GROUP HOLDING USD 11/28/2019 2.5% 2 1

USG01719AB25 ALIBABA GROUP HOLDING USD 11/28/2019 2.5% 2 1

XS1252209322 BANK OF CHINA/HONG KONG USD 6/30/2020 2.875% 3 1

HK0000417623 BK OF COMMUNICATIONS/HK HKD 5/18/2020 2.95% 2 1

XS1262889998 CCBL CAYMAN CORP USD 7/28/2020 3.25% 3 1

XS1650054734 CDBL FUNDING TWO USD 8/1/2020 2.625% 3 1

XS1431266920 CITIC LTD USD 6/14/2026 3.7% 3 4

XS1485534595 EMPEROR INT HOLDINGS LTD USD 9/19/2021 4% 5 4

AU3CB0221448 EXPORT DEVELOPMNT CANADA AUD 6/5/2019 3.5% 3 2

XS1038803190 FRANSHION BRILLIANT LTD USD 3/19/2019 5.75% 4 3

XS1328128886 GZ MTR FIN BVI HKD 12/3/2018 2.875% 3 1


USG4639DVV48 HSBC BANK PLC USD 8/12/2020 4.125% 2 1

HK0000156601 LINK FINANCE CAYMAN HKD 7/22/2020 3.15% 2 1

XS1666596397 LOTTE SHOPPING BUS MGMT USD 9/5/2020 2.375% 2 1

AU3CB0214484 MET LIFE GLOB FUNDING AUD 10/10/2018 4.5% 3 2

XS1549621586 NEW WORLD CHINA LAND LTD USD 1/23/2027 4.75% 5 4

XS1344507899 PING AN LIFE INSURANCE USD 1/19/2019 2.375% 3 2

HK0000066420 SUN HUNG KAI PROP (CAP) HKD 7/20/2020 3.65% 2 1

US912828NT32 US TREASURY N/B USD 8/15/2020 2.625% 2 1





XS1599276521 BK OF CHINA/JOHANNESBURG CNY 4/20/2020 4.88% 3 2

XS1348760189 BK OF COMMUNICATIONS/HK USD 1/25/2019 2.25% 2 1

XS0493535966 CLP POWER HK FINANCING USD 3/19/2020 4.75% 2 1

US12634GAA13 CNOOC FINANCE 2015 AU USD 5/5/2020 2.625% 2 1

XS1395523001 EXPORT-IMPORT BANK CHINA USD 4/26/2021 2% 3 2


HSHKFC15001 HANG SENG BANK LTD HKD 5/11/2020 2.25% 2 1

XS0496404988 HONGKONG LAND NOTES CO L HKD 3/19/2020 4.24% 2 1

XS1492428997 INDUSTRIAL BANK/HK USD 9/21/2019 2% 4 3


HSBCFN15001 NEW WORLD CHINA LAND HKD 1/28/2022 5% 5 4

SG7V66955876 SINGTEL GROUP TREASURY P SGD 4/8/2020 3.4875% 3 2

USG8201JAB73 SINOPEC GRP OVERSEA 2015 USD 4/28/2020 2.5% 2 1

USG8200TAB64 SINOPEC GRP OVERSEAS DEV USD 5/3/2021 2.75% 3 2

HSBCFN13003 SUN HUNG KAI PROP (CAP) HKD 1/10/2023 3.23% 3 2

BNYHFN13010 URBAN RENEWAL AUTHORITY HKD 5/11/2020 1.64% 2 1

HSBCFN13019 BESTGAIN REAL ESTATE LYR HKD 12/4/2018 4.5% 4 3

XS1511019413 AZURE NOVA INTERNATIONAL USD 11/1/2019 2.25% 3 1

XS1572322235 AZURE NOVA INTERNATIONAL USD 3/21/2020 3% 3 1

USG5320CAA65 KUNLUN ENERGY CO LTD USD 5/13/2020 2.875% 3 1

US00206RCE09 AT&T INC USD 3/11/2024 3.9% 3 4

HSBCFN13017 VALUE SUCCESS INTL LTD CNY 11/4/2018 4.75% 3 4




(MM-DD-YY) (% per annum) (as of 1 Feb 2018) (as of 25 Apr 2018)

AU3CB0208775 BANK OF AMERICA CORP AUD 8/23/2018 4.5% 4 3


US09681MAB46 BOC AVIATION LTD USD 4/27/2026 3.875% 4 3

XS1143040936 CDBL FUNDING 1 USD 12/2/2019 3.25% 2 1

XS1138282931 CHINA CONSTRUCT BK ASIA CNY 11/18/2019 3.75% 3 2

XS1165128239 SHENHUA OVERSEAS CAPITAL USD 1/20/2020 3.125% 2 1

XS1150454822 CHINALCO FINANCE HLDGS USD 12/11/2019 3.625% 2 1


XS1143081963 CNPC GENERAL CAPITAL LTD USD 11/25/2019 2.7% 2 1

XS1132156230 DOUBLE ROSY LTD USD 11/18/2019 3.625% 3 1


XS1527414137 HORSEPOWER FINANCE LTD USD 12/2/2019 2.15% 2 1


US40429CGD83 HSBC FINANCE CORP USD 1/15/2021 6.676% 4 3

US45580KAC27 IND & COMM BK CHINA/NY USD 11/13/2019 3.231% 2 1

US718286AK32 REPUBLIC OF PHILIPPINES USD 1/15/2019 9.875% 4 3


XS0366630902 OJSC RUSS AGRIC BK(RSHB) USD 5/29/2018 7.75% 5 4

XS1130030817 SDSC INTL FINANCE LTD USD 11/12/2019 3.625% 3 1

XS1165126530 STATE ELITE GLOBAL LTD USD 1/20/2020 3.125% 3 1

XS0899374002 SWIRE PROPERT MTN FIN USD 3/7/2020 2.75% 3 1

US88032XAC83 TENCENT HOLDINGS LTD USD 2/11/2020 2.875% 3 1

HK0000136868 URBAN RENEWAL AUTHORITY HKD 1/17/2020 1.65% 2 1

HK0000182946 VALUE SUCCESS INTL LTD CNY 1/29/2019 4.95% 3 4

2018 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 1 Feb 2018)



(MM-DD-YY) (% per annum) (as of 23 Jan 2018) (as of 1 Feb 2018)

XS1759179002 SHIMAO PROPERTY HLDGS USD 1/30/2025 5.2% 4 5

2017 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 26 Jan 2018)



(MM-DD-YY) (% per annum) (as of 19 Oct 2017) (as of 26 Jan 2018)

US00206RCE09 AT&T INC USD 3/11/2024 3.9% 4 3

XS1422767639 BRIGHT FOOD SINGAPORE EUR 6/3/2019 1.625% 5 4

XS1499163183 CHINA CONSTRUCT BANK/HK USD 9/30/2019 1.75% 2 1

HK0000215852 CHINA DEVELOPMENT BANK CNY 9/19/2019 3.6% 3 2

XS1063561499 CHINA OVERSEAS FIN KY VI USD 5/8/2024 5.95% 4 3

US172967HD63 CITIGROUP INC USD 10/25/2023 3.875% 4 3

XS1490623516 FOXCONN FAR EAST LTD USD 9/23/2026 3% 4 3

HK0000259991 FUQING INVESTMENT MGMT CNY 7/21/2018 4.85% 5 4

XS1170096454 HAITONG INTL FIN 2015 USD 7/29/2020 4.2% 4 3

CAG0753UAX32 HEATHROW FUNDING LTD CAD 7/3/2019 4% 4 3

XS1079858673 HLP FINANCE LTD HKD 6/20/2024 4.38% 4 3

AU3CB0201820 HSBC LTD/SYDNEY AUD 11/16/2017 4.25% 3 2

XS1401202517 HONGKONG ELECTRIC FIN USD 5/3/2026 2.875% 4 3

XS0459528195 HK LAND TREASURY SG HKD 10/23/2019 4.1875% 2 1

XS0558893094 HSBC BANK PLC EUR 11/15/2017 3.125% 3 2


XS0563742138 ICBC ASIA LTD USD 11/30/2020 5.125% 4 3

SG6SI7000003 INDU & COML BNK CHINA SG CNY 9/23/2019 3.7% 3 2

XS1125289626 KING POWER CAPITAL LTD USD 11/3/2019 3.875% 4 3

XS0450933873 PSA INTERNATIONAL PTE LT USD 9/11/2019 4.625% 2 1

XS1262584532 SHANGHAI ELECTRIC POWER USD 8/11/2020 3.625% 4 3





XS1294535833 WEICHAI INTL HK ENERGY USD 9/30/2020 4.125% 4 3

XS0671301033 WHEELOCK FINANCE LTD SGD 9/2/2021 4.5% 4 3

USY3R559AJ19 ICBCIL FINANCE CO LTD USD 5/19/2019 2.375% 3 1

USY3R559AE22 ICBCIL FINANCE CO LTD USD 11/13/2018 2.6% 3 1

US035242AB27 ANHEUSER-BUSCH INBEV FIN USD 1/17/2043 4% 4 5



XS0433028254 HSBC HOLDINGS PLC EUR 6/10/2019 6% 4 5

XS0353643744 HSBC HOLDINGS PLC EUR 3/19/2018 6.25% 4 5

HK0000139235 NEW WORLD CHINA LAND CNY 2/6/2018 5.5% 4 5

HK0000241106 NEW WORLD CHINA LAND HKD 1/28/2022 5% 4 5

HK0000144060 R-REIT INTERNATIONAL FIN HKD 3/22/2018 4.125% 4 5


Bond Code Issuer Currency Maturity Date Coupon Risk Rating Risk Rating


US06051GEU94 BANK OF AMERICA CORP USD 1/11/2023 3.3% 4 3

XS1327430531 BMW FINANCE NV GBP 12/1/2021 2.375% 4 3

XS0925008533 BOC AVIATION LTD USD 5/2/2023 4.375% 4 3

XS1082890317 CHINA CONSTRUCT BK ASIA USD 7/2/2019 3.25% 2 1


XS0972980097 CHINA OVERSEA FIN KY III USD 10/29/2023 5.375% 4 3

XS0758793342 CITIC LTD USD 1/21/2018 6.875% 3 2

XS1130968453 CITIC SECURITIES FIN MTN USD 10/30/2019 3.5% 4 3

HK0000222346 CLP POWER HK FINANCING HKD 8/5/2019 3.88% 2 1

XS0483583737 DAH SING BANK LTD USD 2/11/2020 6.625% 4 3

US24023LAA44 DBS GROUP HOLDINGS LTD USD 7/16/2019 2.246% 2 1

XS1120592610 ENN ENERGY HOLDINGS LTD USD 10/23/2019 3.25% 4 3

US38141GRD87 GOLDMAN SACHS GROUP INC USD 1/22/2023 3.625% 4 3

BNYHFN09006 HKCG FINANCE LTD HKD 6/3/2019 3.9% 2 1

XS0871996491 HYSAN (MTN) LIMITED USD 1/16/2023 3.5% 4 3

US46625HJJ05 JPMORGAN CHASE & CO USD 5/1/2023 3.375% 4 3

NZGOVD0008C0 NEW ZEALAND GOVERNMENT NZD 12/15/2017 6% 3 2

XS0440041191 ST ENGINEERING FIN 1 LTD USD 7/16/2019 4.8% 2 1

US912828LJ77 US TREASURY N/B USD 8/15/2019 3.625% 2 1

XS1437622548 BANK OF CHINA/LUXEMBOURG USD 7/12/2019 1.875% 3 1

XS1422839727 CCBL CAYMAN 1 CORP USD 5/31/2019 2.375% 3 1

US172967BL44 CITIGROUP INC USD 6/15/2032 6.625% 4 5

XS1588424678 EMPEROR INT HOLDINGS LTD USD 3/30/2022 5% 4 5


XS1064674127 LENOVO GROUP LTD USD 5/8/2019 4.7% 3 4




HK0000126000 WHARF FINANCE NO 1 LTD CNY 3/27/2018 4% 3 4




XS1122384685 GREENLAND GLB INVST USD 10/17/2017 3.5% 4 5

XS0989286850 WANDA PROPERTIES OVERSEA USD 11/21/2018 4.875% 4 5




USG22004AG38 CNPC GENERAL CAPITAL LTD USD 5/14/2019 2.75% 2 1

HK0000217817 DATANG TELECOM (HONG KONG) HOLDINGS CO LTD CNY 9/29/2017 5.50% 5 3

CBHKFB15005 FUQING INVESTMENT MGMT CNY 7/21/2018 4.85% 5 4

XS1067688033 GUOTAI JUNAN FINL BVI USD 5/22/2019 3.625% 2 1

XS0877604990 IFC DEVELOPMENT CORP TRS USD 5/21/2019 2.375% 2 1

USY20721BN86 REPUBLIC OF INDONESIA USD 1/8/2026 4.75% 5 4

XS1406670999 IND & COMM BK CHINA/SG USD 5/10/2019 2.00% 2 1

EK1822338 IND & COMM BK OF CHINA L CNY 4/24/2019 3.90% 3 2

US459200HT14 IBM CORP USD 2/12/2019 1.95% 2 1

US50074KAA97 KOWLOON-CANTON RAILWAY USD 5/20/2019 5.125% 2 1

XS1242768536 LENOVO GROUP LTD CNY 6/10/2020 4.95% 5 4

BNYHFN09005 LINK FINANCE CAYMAN 2009 HKD 5/20/2019 4.75% 2 1

XS1068221230 LONGFOR PROPERTIES CNY 5/28/2018 6.75% 5 4

HSBCFB13005 NEW WORLD CHINA LAND CNY 2/6/2018 5.50% 5 4


C30798 SHUI ON DEVELOPMENT HOLD USD 5/19/2018 8.70% 5 4

XS1112153678 SHUI ON DEVELOPMENT HOLD USD 11/24/2017 8.70% 5 3

USG82003AC11 SINOPEC GRP OVERSEA 2014 USD 4/10/2019 2.75% 2 1

USG8200TAA81 SINOPEC GRP OVERSEAS DEV USD 5/3/2019 2.125% 2 1

USG8449WAB03 STATE GRID OVERSEAS INV USD 5/7/2019 2.75% 2 1


US88032XAB01 TENCENT HOLDINGS LTD USD 5/2/2019 3.375% 2 1

US912828KQ20 US TREASURY N/B USD 5/15/2019 3.125% 2 1



Bond Code Issuer Currenc

y


(MM-DD-YY) (% per annum) (as of 1 Feb 2017) (as of 18 Apr 2017)


XS1016271790 NORDEA BANK AB HKD 1/22/2019 2.5% 2 1

XS0810321140 DYNAMIC TALENT LTD USD 8/1/2017 4.75% 3 4

USG4672CAC94 HUTCHISON WHAM INT 03/33 USD 11/24/2033 7.45% 3 4

XS1406670999 IND & COMM BK CHINA/SG USD 5/10/2019 2% 3 2

AU3CB0189975 NATIONAL AUSTRALIA BANK AUD 2/15/2017 6% 3 2

XS0849673602 PEPSICO INC GBP 11/1/2022 2.5% 3 4

USG81877AD72 SINOPEC CAPITAL 2013 LTD USD 4/24/2043 4.25% 3 4

XS1144762694 CHINA MERCHANTS BANK/HK CNY 12/9/2019 4.05% 4 3

XS0880288997 CHINA RAILWAY RESOURCES 3.85% USD USD 2/5/2023 3.85% 4 3

US21685WDF14 COOPERATIEVE RABOBANK UA 3.95% USD BOND USD 11/9/2022 3.95% 4 3

HK0000216157 UNICAN LTD 5.6% CNY BOND CNY 9/18/2017 5.6% 4 5

US92857WAZ32 VODAFONE GROUP PLC USD 9/26/2022 2.5% 4 3

2017 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 1 February 2017)

Bond Code Issuer Currenc

y


(MM-DD-YY) (% per annum) (as of 11 Jan 2017) (as of 1 Feb 2017)


HK0000118940 KOWLOON-CANTON RAILWAY HKD 6/15/2021 3.88% 1 2

HK0000149713 URBAN RENEWAL AUTHORITY HKD 5/11/2020 1.64% 1 2

XS1308276168 AGRICULTURAL BK OF CHINA USD 10/20/2018 2.125% 2 1

US191216BF66 COCA-COLA CO/THE USD 11/1/2018 1.65% 2 1

XS0984244748 HAITONG INTL FINANCE USD 10/29/2018 3.95% 2 1

US459200GM79 IBM CORP USD 10/15/2018 7.625% 2 1

US594918AV63 MICROSOFT CORP USD 12/6/2018 1.625% 2 1

USG8200QAA43 SINOPEC GRP OVERSEA 2013 USD 10/17/2018 2.5% 2 1

US912828JR22 US TREASURY N/B USD 11/15/2018 3.75% 2 1

FR0012171221 LVMH MOET HENNESSY VUITT GBP 12/20/2017 1.625% 2 3

XS0683642051 BSH HAUSGERATE GMBH CNY 9/28/2018 4% 3 2

XS1509041379 IND & COMM BK CHN/SYDNEY CNY 10/27/2018 3.65% 3 2

HK0000203353 CHINA MINMETALS CORP CNY 6/16/2017 4.25% 3 4

XS1267602305 COSL SINGAPORE CAPITAL USD 7/30/2025 4.5% 3 4

XS1492428997 INDUSTRIAL BANK/HK USD 9/21/2019 2% 3 4

US55608KAE55 MACQUARIE GROUP LTD USD 12/3/2018 3% 4 3



XS1387985424 KAISA GROUP HOLDINGS LTD USD 12/31/2019 6.56% 1 5


2017 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 11 January 2017)


(MM-DD-YY) (% per annum) (as of 10 Nov 2016) (as of 11 Jan 2017)

XS1143162888 CATERPILLAR FINANCIAL SE CNY 11/25/2017 3.40% 2 3

2016 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 10 November 2016)



(MM-DD-YY) (% per annum) (as of 17 Oct

2016) (as of 10 Nov 2016)

SPDBFC16004 SHANGHAI PUDONG DEV/HK HKD 4/18/2017 1.00% 2 3



SPDBFC16002 SHANGHAI PUDONG DEV/HK USD 3/22/2017 1.00% 2 3



SPDBFC16021 SHANGHAI PUDONG DEV/HK USD 3/20/2017 0.65% 1 3

XS1489172483 IND & COMM BK CHINA/SG CNY 9/19/2018 3.20% 3 2

KWHKFC16011 CHINA CITIC BANK INTL USD 9/26/2017 0.80% 1 2

2016 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 17 October 2016)



(MM-DD-YY) (% per annum) (as of 19 Apr 2016) (as of 17 Oct

2016)

XS1435067977 AGRICULTURAL BANK OF CHINA (SINGAPORE) USD 12/20/2016 0.62% 2 1

XS1303791336 AGRICULTURAL BANK OF CHINA LTD USD 10/20/2020 2.75% 2 3

ABOCFN15073 AGRICULTURAL BANK OF CHINA LTD CNY 10/20/2017 4.15% 1 2

HK0000142486 AIA GROUP LTD USD 3/13/2018 1.75% 2 1

US035242AB27 ANHEUSER-BUSCH INBEV FINANCE INC USD 1/17/2043 4.00% 3 4

US037833AJ95 APPLE INC USD 5/3/2018 1.00% 2 1

XS1379107565 AZURE ORBIT III INTERNATIONAL FINANCE LTD USD 3/21/2019 2.13% 2 3

BCHBFC15046 BANK OF CHINA HONG KONG LTD USD 2/26/2018 2.05% 2 1

BCHBFC15012 BANK OF CHINA HONG KONG LTD HKD 1/16/2018 2.15% 2 1

XS1252209165 BANK OF CHINA HONG KONG LTD USD 6/30/2018 2.13% 2 1



BCHBFC14113 BANK OF CHINA HONG KONG LTD USD 6/5/2017 2.16% 2 1

XS1168792981 BANK OF COMMUNICATIONS CO LTD (HONG KONG BRANCH)

USD 1/16/2018 2.50% 2 1

BNYHFB14013 BEIJING CAPITAL HONG KONG LTD CNY 6/20/2017 4.70% 1 3

XS0994732401 BOC AVIATION LTD CNY 11/20/2018 4.50% 4 3

XS1132765840 BOC AVIATION LTD CNY 11/5/2018 4.20% 4 3

CILHFN14005 CENTRAL PLAZA DEVELOPMENT LTD CNY 2/17/2019 6.88% 1 5

HK0000188166 CHINA CITIC BANK CORP LTD CNY 2/27/2017 4.13% 5 4

KWHKFC15012 CHINA CITIC BANK INTERNATIONAL LTD USD 9/9/2016 1.03% 1 2

KWHKFC15014 CHINA CITIC BANK INTERNATIONAL LTD HKD 9/19/2016 0.99% 1 2











HK0000203254 CHINA CITY CONSTRUCTION INTERNATIONAL CO LTD CNY 7/3/2017 5.35% 4 5

XS1050448015 CHINA CONSTRUCTION BANK ASIA CORP LTD USD 4/1/2017 2.38% 2 1

XS1294343840 CHINA CONSTRUCTION BANK CORP CNY 10/19/2017 4.30% 3 2

BCMKFN14085 CHINA DEVELOPMENT BANK CORP CNY 9/19/2019 3.60% 1 3

BCMKFN14086 CHINA DEVELOPMENT BANK CORP CNY 9/19/2024 4.35% 1 3

CDBHFC15077 CHINA DEVELOPMENT BANK CORP (HONG KONG BRANCH)

HKD 8/13/2018 1.80% 3 1

XS1242521059 CHINA GREAT WALL INTERNATIONAL HOLDINGS II LTD USD 6/18/2018 2.50% 3 1

XS1107634682 CHINA GREAT WALL INTERNATIONAL HOLDINGS LTD USD 9/17/2017 2.50% 2 1

XS0996402862 CHINA MENGNIU DAIRY CO LTD USD 11/27/2018 3.50% 4 3

XS1165127009 CHINA SHENHUA OVERSEAS CAPITAL COMPANY LTD USD 1/20/2018 2.50% 2 1

XS1165128585 CHINA SHENHUA OVERSEAS CAPITAL COMPANY LTD USD 1/20/2025 3.88% 1 3

XS0923302227 CITIC SECURITIES FINANCE 2013 CO LTD USD 5/3/2018 2.50% 2 1

DBANFN07001 CLP POWER HONG KONG FINANCING LTD HKD 1/11/2017 4.38% 2 1

DBANFN09013 CLP POWER HONG KONG FINANCING LTD HKD 8/5/2019 3.88% 1 2

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XS1143073788 CNPC GENERAL CAPITAL LTD USD 11/25/2017 1.95% 2 1

DSFXFC15015 DAH SING BANK LTD HKD 9/15/2016 0.95% 1 3



HK0000217817 DATANG TELECOM (HONG KONG) HOLDINGS CO LTD CNY 9/29/2017 5.50% 1 5

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HK0000198454 EXPORT-IMPORT BANK OF CHINA CNY 5/14/2024 4.40% 1 3

XS0142963445 GOLDMAN SACHS GROUP INC GBP 2/14/2017 6.13% 4 3

XS1081321595 GREENLAND GLOBAL INVESTMENT LTD USD 7/3/2024 5.88% 4 5



XS0978986932 GREENLAND HONG KONG HOLDINGS LTD USD 10/18/2016 4.75% 4 5

XS1094594964 GREENLAND HONG KONG HOLDINGS LTD USD 8/7/2017 4.38% 4 5

HSBCFN14017 HANG SENG BANK (CHINA) LTD CNY 7/3/2017 3.25% 3 2


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HKMCFN05032 HONG KONG MORTGAGE CORP LTD HKD 11/28/2017 4.82% 2 1

GSB10Y1812 HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA

HKD 12/10/2018 1.61% 2 1


HKD 12/7/2020 2.44% 2 1


HKD 3/25/2019 1.35% 2 1


HKD 9/30/2019 1.49% 2 1

10GB2301 HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA

HKD 1/17/2023 1.10% 1 2

DBANFN06017 HONGKONG ELECTRIC FINANCE LTD HKD 11/7/2016 4.55% 1 2

XS0565475505 HONGKONG ELECTRIC FINANCE LTD USD 12/14/2020 4.25% 2 3


XS0429422271 HSBC HOLDINGS PLC GBP 5/20/2024 6.50% 3 4

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XS1202237712 ICBCIL FINANCE CO LTD USD 3/19/2018 2.63% 3 1

XS1041751980 INDUSTRIAL AND COMMERCIAL BANK OF CHINA (SINGAPORE BRANCH)

USD 11/21/2017 2.50% 2 1

EK1822338 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD CNY 4/24/2019 3.90% 1 3

XS1093936570 INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (SYDNEY BRANCH)

CNY 8/11/2017 3.55% 3 2

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BNYHFN09008 KOWLOON-CANTON RAILWAY CORP HKD 6/15/2021 3.88% 2 1

BNYHFN10001 LINK FINANCE CAYMAN 2009 LTD HKD 1/23/2017 3.73% 2 1

FR0012171221 LVMH MOET HENNESSY LOUIS VUITTON SE GBP 12/20/2017 1.63% 3 2

US55608RAA86 MACQUARIE BANK LTD USD 2/22/2017 5.00% 2 1

XS0991743310 PROSPEROUS RAY LTD USD 11/12/2018 3.00% 2 3

XS1401816761 PROVEN HONOUR CAPITAL LTD USD 5/6/2026 4.13% 3 4

CA74814ZDR16 QUEBEC, PROVINCE OF CAD 12/1/2017 4.50% 3 2

HSBCFN15005 ROSY CAPITAL GLOBAL LTD CNY 7/30/2018 5.25% 4 3

SPDBFC15046 SHANGHAI PUDONG DEVELOPMENT BANK CO LTD (HONG KONG BRANCH)

CNY 10/20/2016 3.38% 2 3


HKD 4/18/2017 1.00% 1 2


HKD 6/23/2017 0.93% 1 2


HKD 7/21/2017 0.71% 1 2


USD 3/22/2017 1.00% 1 2


HKD 8/24/2017 1.00% 1 2

XS1263868181 SHINHAN BANK CNY 8/6/2018 4.20% 3 2

USG81877AD72 SINOPEC CAPITAL 2013 LTD USD 4/24/2043 4.25% 4 3

USG82003AA54 SINOPEC GROUP OVERSEAS DEVELOPMENT 2014 LTD USD 4/10/2017 1.75% 2 1

USG82003AB38 SINOPEC GROUP OVERSEAS DEVELOPMENT 2014 LTD USD 4/10/2017 1.44% 2 1

HSBCFB15002 SINOSTRONG INTERNATIONAL LTD CNY 5/28/2018 4.00% 3 2

HSBCFN09022 SUN HUNG KAI PROPERTIES (CAPITAL MARKET) LTD HKD 11/2/2016 3.28% 2 1

XS0290534212 SUN HUNG KAI PROPERTIES (CAPITAL MARKET) LTD USD 3/8/2017 5.38% 2 1

HSBCFN09021 SUN HUNG KAI PROPERTIES (CAPITAL MARKET) LTD HKD 9/30/2019 3.78% 1 2

USG87572AD85 TENCENT HOLDINGS LTD USD 3/5/2018 3.38% 2 1

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BNYHFN14019 UNICAN LTD CNY 9/18/2017 5.60% 5 4

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FR0011278571 VEOLIA ENVIRONNEMENT SA CNY 6/28/2017 4.50% 4 3

DBANFN10004 WHARF FINANCE NO 1 LTD HKD 4/30/2020 4.40% 1 3


CILHFN14023 WING TAI PROPERTIES (FINANCE) LTD HKD 8/9/2021 4.30% 3 4

USG9844KAB55 YINGDE GASES INVESTMENT LTD USD 2/28/2020 7.25% 4 5

2016 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 19 April 2016)


(MM-DD-YY) (% per annum) (as of 21 Mar 2016) (as of 19 Apr 2016)

USP14486AK37 BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL BNDES

USD 4/14/2019 4.00% 4 5

US05567LT315 BNP PARIBAS SA USD 1/15/2021 5.00% 2 3

USG24524AG84 COUNTRY GARDEN HOLDINGS COMPANY LTD USD 1/10/2023 7.50% 4 5

USG24524AH67 COUNTRY GARDEN HOLDINGS COMPANY LTD USD 4/4/2021 7.25% 4 5

USG24524AJ24 COUNTRY GARDEN HOLDINGS COMPANY LTD USD 5/27/2019 7.875% 4 5

XS1164776020 COUNTRY GARDEN HOLDINGS COMPANY LTD USD 3/9/2020 7.50% 4 5

XS0875312364 HENGDELI HOLDINGS LTD USD 1/29/2018 6.25% 4 5

2016 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 21 March 2016)


Maturity Date

Coupon Risk Rating Risk Rating

(MM-DD-YY) (% per annum) (as of 15 Feb

2016) (as of 21 Mar

2016)

ABOCFC15006 AGRICULTURAL BK CHINA/HK CNY 2/18/2016 3.87% 1 2







BCHKFN11248 AIR LIQUIDE FINANCE CNY 9/19/2016 3.00% 2 3

AU3CB0215663 AUST & NZ BANKING GROUP AUD 11/6/2018 4.50% 2 3

XS0805537064 AUST & NZ BANKING GROUP AUD 7/25/2017 5.00% 2 3






AU0000XCLWM5 AUSTRALIAN GOVERNMENT AUD 5/15/2021 5.75% 2 3

XS0955552178 BANCO DO BRASIL EUR 7/25/2018 3.75% 4 5

USP14486AK37 BANCO NAC DE DESEN ECONO USD 4/14/2019 4.00% 3 4

USY04342AA28 BANK OF BARODA/LONDON USD 7/23/2019 4.88% 3 4

BCHBFC15153 BANK OF CHINA/HONG KONG CNY 5/27/2016 3.20% 1 2

BCHBFC14201 BANK OF CHINA/HONG KONG USD 9/3/2017 2.30% 2 1

BCHBFC14228 BANK OF CHINA/HONG KONG HKD 10/9/2017 2.27% 2 1

BCHBFC15179 BANK OF CHINA/HONG KONG CNY 7/28/2016 3.15% 1 2


BCHKFC11125 BANK OF CHINA/HONG KONG HKD 6/16/2016 2.78% 2 1

BCHBFC14271 BANK OF CHINA/HONG KONG HKD 11/24/2017 2.10% 2 1

USY1391CAJ00 BANK OF CHINA HONG KONG USD 2/11/2020 5.55% 2 3

XS1226460688 BANK OFCHINA/LUXEMBOURG CNY 4/29/2016 3.70% 1 2

BCMKFN14022 BANK OF COMMUNICATIONS CNY 3/20/2016 3.30% 2 3

XS1078662217 BK OF COMMUNICATIONS/HK CNY 6/23/2017 3.45% 2 3

SG6QG0000008 BANYAN TREE HOLDINGS LTD SGD 6/3/2019 4.88% 4 5

SG6XC5000008 BANYAN TREE HOLDINGS LTD SGD 6/5/2020 4.85% 4 5

XS1172051424 BAOSTEEL FINANCING 2015 USD 1/28/2020 3.88% 4 3

XS0255605239 BAYER AG GBP 5/23/2018 5.63% 2 3

HSBCFN13021 BESTGAIN REAL ESTATE LYR CNY 12/16/2016 4.05% 4 3

USN1384FAA32 BHARTI AIRTEL INTERNATIO USD 3/11/2023 5.13% 5 4

XS1028954953 BHARTI AIRTEL INTERNATIO EUR 5/20/2021 3.38% 4 5

AU3CB0200590 BHP BILLITON FINANCE LTD AUD 10/18/2017 3.75% 2 3

US09681MAA62 BOC AVIATION PTE LTD USD 3/30/2020 3.00% 4 3

US105756BB58 FED REPUBLIC OF BRAZIL USD 1/20/2034 8.25% 4 5

US105756BF62 FED REPUBLIC OF BRAZIL USD 2/4/2025 8.75% 4 5

XS0933097668 BRIGHT FOOD HONG KONG LT USD 5/21/2018 3.00% 3 4

XS0683642051 BSH HAUSGERATE GMBH CNY 9/28/2018 4.00% 2 3

MYBUG1401358 CAGAMAS GLOBAL PLC CNY 9/22/2017 3.70% 2 3

XS0866313264 CANADIAN IMPERIAL BANK AUD 1/24/2018 4.25% 1 3


XS1262889998 CCBL CAYMAN CORP USD 7/28/2020 3.25% 2 3

USP22854AG14 CENT ELET BRASILEIRAS SA USD 10/27/2021 5.75% 4 5

CILHFN14004 CENTRAL PLAZA DEV LTD CNY 2/17/2017 5.75% 4 5

BBG00002LB88 CHEUNG KONG FINANCE MTN HKD 1/20/2020 4.35% 4 3

HK0000188166 CHINA CITIC BANK CNY 2/27/2017 4.13% 4 5

BOAKFC15042 CHINA CONSTRUCT BK ASIA CNY 11/17/2016 3.40% 1 2

HK0000157815 CHINA CONSTRUCT BANK HK HKD 7/29/2016 1.64% 2 1

XS1067844933 CHINA CONST BANK/SYDNEY CNY 5/20/2016 3.25% 1 2

CDBHFC15077 CHINA DEVELOPMENT BANK C HKD 8/13/2018 1.80% 2 3

CILHFB14006 CHINA MERCHANTS BANK CNY 4/10/2017 4.10% 4 3

SG6VA0000001 CHINA MERCHANTS BANK/HK CNY 12/2/2017 3.95% 4 3

HSBCFB14016 CHINA MINMETALS CORP CNY 6/16/2017 4.25% 4 3

XS0508012092 CHINA OVRSEA FIN KY II USD 11/10/2020 5.50% 4 3

XS0985567881 CHINA OVERSEA FIN KY III USD 10/29/2043 6.38% 5 4

XS1063561143 CHINA OVERSEAS FIN. VI USD 5/8/2019 4.25% 4 3

CILHFN14008 CHINA UNICOM HK LTD CNY 4/16/2017 4.00% 2 3

XS0836465608 CITIC LTD USD 1/17/2023 6.80% 4 3

XS0611586263 CITIC LTD USD 4/15/2021 6.63% 2 3


AU3CB0204428 COMMONWEALTH BANK AUST AUD 1/25/2018 4.25% 2 3

XS1076016432 DAIMLER AG GBP 12/4/2020 2.75% 3 4

DBANFB13010 DORSETT HOSPITALITY INTL CNY 4/3/2018 6.00% 4 5

XS1132156230 DOUBLE ROSY LTD USD 11/18/2019 3.63% 2 3

XS0810321140 DYNAMIC TALENT LTD USD 8/1/2017 4.75% 2 3

DBANFB14009 EASTERN AIR OVERSEAS HK CNY 3/13/2017 4.80% 4 5

DBANFB13019 EASTERN AIR OVERSEAS HK CNY 6/5/2016 3.88% 4 5


AU3CB0221448 EXPORT DEVELOPMNT CANADA AUD 6/5/2019 3.50% 2 3


CBHKFB15005 FUQING INVESTMENT MGMT CNY 7/21/2018 4.85% 3 4

XS0747381928 GE CAP AUSTRALIA FUNDING AUD 2/17/2017 5.75% 2 3

CILHFN11006 GLOBAL LOGISTIC PROPERTI CNY 5/11/2016 3.38% 4 3

XS1032978345 GOLDMAN SACHS GROUP INC EUR 10/18/2021 2.50% 3 4

XS0270349003 GOLDMAN SACHS GROUP INC GBP 10/12/2021 5.50% 3 5

SG6QD4000001 HAINAN AIRLINE HK CNY 5/22/2017 6.25% 4 5

HSBCFN14017 HANG SENG CHINA LTD CNY 7/3/2017 3.25% 2 3


CAG0753UAX32 HEATHROW FUNDING LTD CAD 7/3/2019 4.00% 3 4

XS1057389600 HLP FINANCE LTD USD 4/16/2021 4.45% 2 3

XS1079858673 HLP FINANCE LTD HKD 6/20/2024 4.38% 3 4

HKMCFN05032 HONG KONG MTG CO HKD 11/28/2017 4.82% 1 2

GSB10Y2012 HONG KONG GOVERNMENT HKD 12/7/2020 2.44% 1 2

GSB05Y1909 HONG KONG GOVERNMENT HKD 9/30/2019 1.49% 1 2

AU3CB0201820 HSBC LTD/SYDNEY AUD 11/16/2017 4.25% 2 3

USG22117AB45 HPHT FINANCE 15 LTD USD 3/17/2020 2.88% 4 3



XS0794531615 HSBC BANK PLC AUD 6/15/2019 0.00% 2 3

XS0794523943 HSBC BANK PLC AUD 6/15/2019 0.00% 2 3

XS0795846657 HSBC BANK PLC ZAR 6/21/2018 0.00% 2 3

XS0088317853 HSBC BANK PLC GBP 7/7/2023 6.50% 3 4

US404280AK50 HSBC HOLDINGS PLC USD 4/5/2021 5.10% 2 3

US404280AG49 HSBC HOLDINGS PLC USD 5/2/2036 6.50% 5 4

US404280AJ87 HSBC HOLDINGS PLC USD 6/1/2038 6.80% 5 4

US4042808026 HSBC HOLDINGS PLC USD Perpetual 8.00% 4 5

US404280AH22 HSBC HOLDINGS PLC USD 9/15/2037 6.50% 5 4


XS0268587127 HUTCH WHAMPOA FINANCE 06 EUR 9/21/2016 4.63% 2 3

XS0466303194 HUTCH WHAMPOA FINANCE 09 EUR 11/14/2016 4.75% 2 3

XS0276102265 HUTCHISON WHAMPOA FIN UK GBP 11/24/2017 5.63% 2 3

USG4672UAA37 HUTCH WHAM INT 09 LTD USD 4/9/2019 7.63% 2 3

USG4671AAA81 HUTCHISON WHAM INT 09/19 USD 9/11/2019 5.75% 2 3

UBHKFC15043 ICBC ASIA LTD CNY 10/24/2016 3.68% 1 2

XS1216645348 IND & COMM BK CHINA/LUX CNY 4/14/2016 4.00% 1 2

XS0361034423 INTL BK RECON & DEVELOP AUD 5/2/2018 0.00% 1 2

BCMKFB14064 JINCHUAN GROUP CNY 7/17/2017 4.75% 4 5

AU3CB0201366 JPMORGAN CHASE & CO AUD 11/7/2017 4.65% 2 3


USG5320CAA65 KUNLUN ENERGY CO LTD USD 5/13/2020 2.88% 2 3

DBANFN11020 L-BANK BW FOERDERBANK CNY 9/28/2018 3.25% 1 2

AU3CB0226728 LANDWIRTSCH. RENTENBANK AUD 1/20/2020 2.70% 2 3


XS1064674127 LENOVO GROUP LTD USD 5/8/2019 4.70% 2 3

XS0507147725 LI & FUNG LTD USD 5/13/2020 5.25% 4 3

XS1068221230 LONGFOR PROPERTIES CNY 5/28/2018 6.75% 4 5

FR0012171221 LVMH MOET HENNESSY VUITT GBP 12/20/2017 1.63% 2 3

AU3CB0199842 MET LIFE GLOB FUNDING I AUD 9/28/2017 4.75% 2 3

AU3CB0214484 MET LIFE GLOB FUNDING I AUD 10/10/2018 4.50% 2 3

AU3CB0221117 NATIONAL AUSTRALIA BANK AUD 5/20/2019 4.25% 2 3



XS0752421585 NATIONAL AUSTRALIA BANK AUD 3/6/2017 6.00% 2 3

HSBCFB13005 NEW WORLD CHINA LAND CNY 2/6/2018 5.50% 4 5

NZGOVD0008C0 NEW ZEALAND GOVERNMENT NZD 12/15/2017 6.00% 2 3

NZGOVDT420C6 NEW ZEALAND GOVERNMENT NZD 4/15/2020 3.00% 2 3



US65535HAB50 NOMURA HOLDINGS INC USD 3/4/2020 6.70% 4 3

XS1037253645 NWD MTN LTD USD 2/26/2021 5.25% 2 4

XS1318014831 NWD MTN LTD USD 11/30/2022 4.38% 3 4

US718286AK32 REPUBLIC OF PHILIPPINES USD 1/15/2019 9.88% 3 4

US718286BK23 REPUBLIC OF PHILIPPINES USD 1/15/2021 4.00% 3 4

XS1344507899 PING AN LIFE INSURANCE USD 1/19/2019 2.38% 2 3


HSBCFN14012 CHINA POWER CONSTR CNY 5/15/2017 4.20% 2 3

XS0991743401 PROSPEROUS RAY LTD USD 11/12/2023 4.63% 4 3

XS1233275194 PROVEN HONOUR CAP USD 5/19/2025 4.13% 3 4

CA74814ZDR16 PROVINCE OF QUEBEC CAD 12/1/2017 4.50% 2 3

XS1130030817 SDSC INTL FINANCE LTD USD 11/12/2019 3.63% 2 3

SPDBFB14016 SHANGHAI PUDONG DEV BK CNY 5/22/2017 4.08% 4 3

SPDBFC15037 SHANGHAI PUDONG DEV/HK CNY 6/29/2016 2.93% 1 2








XS1157365070 SHIMAO PPTY HLDNG LTD USD 2/10/2022 8.38% 4 5



CILHFN14011 SINOCHEM OFFSHORE CAPITA CNY 5/13/2017 3.55% 2 3

USG8185TAA72 SINOCHEM OVERSEAS CAPITA USD 11/12/2020 4.50% 2 3

HSBCFB14013 SINOTRANS SAILING LTD CNY 6/10/2017 4.50% 4 5

XS0851996925 SOHO CHINA LTD USD 11/7/2022 7.13% 4 5

XS0440041191 ST ENGINEERING FIN 1 LTD USD 7/16/2019 4.80% 1 2

XS0520042416 STANDARD CHARTERED BK HK USD 6/24/2020 5.88% 2 3

XS1165126530 STATE ELITE GLOBAL LTD USD 1/20/2020 3.13% 2 3

USY8162BAG06 STATS CHIPPAC LTD USD 3/20/2018 4.50% 4 5


XS0554846781 SUN HUNG KAI PROP (CAP) USD 11/2/2020 4.00% 2 3



XS0899374002 SWIRE PROPERT MTN FIN USD 3/7/2020 2.75% 2 3

SG7V35954653 TEMASEK FINANCIAL I LTD SGD 3/5/2025 3.79% 2 3

US88032XAC83 TENCENT HOLDINGS LTD USD 2/11/2020 2.88% 2 3

XS1268745707 TINGYI (C.I.) HLDG CORP CNY 8/6/2018 4.38% 4 3

US89352HAM16 TRANS-CANADA PIPELINES USD 3/1/2034 4.63% 3 4



US912828KQ20 US TREASURY N/B USD 5/15/2019 3.13% 1 2

US912828LJ77 US TREASURY N/B USD 8/15/2019 3.63% 1 2





HSBCFB14022 VAST EXPAND LTD CNY 9/11/2017 5.20% 4 5

US92343VBQ68 VERIZON COMMUNICATIONS USD 9/15/2020 4.50% 4 3

XS0628622622 VOLKSWAGEN INTL FIN NV CNY 5/23/2016 2.15% 4 3

AU3CB0216240 WESTPAC BANKING CORP AUD 11/21/2023 5.25% 2 3

XS1019652368 WHARF FINANCE LTD USD 1/23/2019 3.50% 2 3

BBG003NK81F6 WHARF FINANCE NO 1 LTD HKD 11/27/2018 2.90% 2 3

DBANFN12035 WHARF FINANCE NO 1 LTD CNY 3/27/2018 4.00% 4 3

DBANFN10001 WHARF FINANCE NO 1 LTD HKD 1/21/2020 4.90% 2 3

XS1081204957 WHEELOCK FINANCE LIMITED USD 7/2/2017 2.75% 2 3

DBANFN12030 WHEELOCK FINANCE LIMITED HKD 9/14/2017 3.30% 2 3

XS0905643408 WHEELOCK FINANCE LTD USD 3/19/2018 3.00% 2 3





DBANFN12017 WHEELOCK FINANCE LTD HKD 5/4/2017 4.05% 2 3


CILHFN14029 WING TAI PROPERTIES FINA HKD 11/27/2024 4.50% 3 4

DBANFB14025 YIELDKING INVEST LTD CNY 7/31/2017 5.15% 4 5

XS1253824442 ZHAOHAI INVESTMENT BVI USD 7/23/2020 4.00% 4 3

HSBCFB14030 ZHUHAI DA HENG QIN CO LT CNY 12/11/2017 4.75% 4 3

USY3R559AE22 ICBCIL Finance Co. Limited USD 11/13/2018 2.60% 2 3

AU3CB0222040 INTERNATIONAL BANK OF RECONSTRUCTION AND DEVELOPMENT

AUD 6/24/2025 4.25% 2 3

2016 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 15 February 2016)

Bond Code Issuer Currency Maturity Date (DD-MMM-YY)

Coupon (% per annum)

Risk Rating (as of 18 Dec 2015)

Risk Rating (as of 15 Feb 2016)

US12625GAC87 CNOOC FINANCE USD 9-May-23 3.00% 2 3

US822582AX04 SHELL INTL FIN USD 12-Aug-23 3.40% 2 3

USG81877AD72 SINOPEC CAPITAL USD 24-Apr-43 4.25% 3 4

USG8200QAB26 SINOPEC GRP OVERSEA USD 17-Oct-23 4.38% 2 3

USG82003AE76 SINOPEC GRP OVERSEA USD 10-Apr-24 4.38% 2 3

XS1023280271 WANDA PROPERTIES INT CO USD 29-Jan-24 7.25% 4 5

2015 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 18 December 2015)



Risk Rating (as of 2 Oct 2015)

Risk Rating (as of 18 Dec 2015)

AU3CB0175800 GOLDMAN SACHS AUD 23-Nov-16 7.75% 2 4

US38141GRD87 GOLDMAN SACHS USD 22-Jan-23 3.63% 3 4

US38141GEE08 GOLDMAN SACHS USD 15-Jan-16 5.35% 2 3

XS1032978345 GOLDMAN SACHS EUR 18-Oct-21 2.50% 3 4

XS0142963445 GOLDMAN SACHS GBP 14-Feb-17 6.13% 2 4

XS0628622622 VOLKSWAGEN CNY 23-May-16 2.15% 2 4

XS1014610254 VOLKSWAGEN EUR 15-Jan-24 2.63% 3 4

XS1051857156 VOLKSWAGEN GBP 2-Oct-20 2.75% 3 4

2015 Bonds/Certificates of Deposit Risk Rating Changes (Updated on 2 October 2015)



Risk Rating (as of 1 Apr 2015)

Risk Rating (as of 2 Oct 2015)

BCHBFC14091 BANK OF CHINA/HONG KONG HKD 28-Apr-17 2.40% 2 1

BCHBFC14096 BANK OF CHINA/HONG KONG HKD 15-May-17 2.40% 2 1

BCHBFC14108 BANK OF CHINA/HONG KONG USD 26-May-17 2.16% 2 1

BCHBFC14114 BANK OF CHINA/HONG KONG HKD 6-Jun-17 2.28% 2 1

BCHBFC14119 BANK OF CHINA/HONG KONG USD 12-Jun-17 2.15% 2 1

AU3CB0200590 BHP BILLITON FINANCE LTD AUD 18-Oct-17 3.75% 3 2

XS1078662217 BK OF COMMUNICATIONS HK CNY 23-Jun-17 3.45% 3 2

US05567LT315 BNP PARIBAS USD 15-Jan-21 5.00% 3 2

XS1065044312 BOC AVIATION PTE LTD USD 9-May-19 3.88% 4 3

XS0683641756 BSH HAUSGERATE GMBH CNY 28-Sep-16 3.38% 3 2

XS0683642051 BSH HAUSGERATE GMBH CNY 28-Sep-18 4.00% 3 2

MYBUG1401358 CAGAMAS GLOBAL CNY 22-Sep-17 3.70% 3 2

XS0866313264 CANADIAN IMPERIAL BANK AUD 24-Jan-18 4.25% 3 1

XS1143162888 CATERPILLAR FINANCIAL SE CNY 25-Nov-17 3.40% 3 2

USP22854AG14 CENT ELET BRASILEIRAS SA USD 27-Oct-21 5.75% 5 4

HSBCFN10002 CHEUNG KONG FINANCE MTN HKD 20-Jan-20 4.35% 3 4

XS1067844933 CHINA CONST BANK/SYDNEY CNY 20-May-16 3.25% 2 1

XS1115216118 CHINA CONST BANK/SYDNEY CNY 29-Sep-17 3.80% 3 2

BOAKFC14017 CHINA CONSTRUCT BK ASIA HKD 3-Apr-17 2.40% 2 1

CH0245865859 CHINA CONSTRUCT BK ASIA CNY 27-Jun-17 3.45% 3 2

BCMKFN14084 CHINA DEVELOPMENT BANK CNY 19-Sep-17 3.35% 3 2

XS1242521059 CHINA GREAT WALL II USD 18-Jun-18 2.50% 3 2

HSBCFB13009 CHINA MINMETALS CORP CNY 28-Mar-16 3.65% 2 4

HSBCFB14016 CHINA MINMETALS CORP CNY 16-Jun-17 4.25% 3 4

XS0984184316 CHINA OVERSEA FIN KY III USD 29-Oct-18 3.38% 4 3

CBHKFN10002 CHINA POWER INTL DEVELOP CNY 23-Dec-15 3.20% 2 1

XS1039273740 CHINA RESOURCES LAND LTD USD 27-Feb-19 4.38% 4 3

XS0836465608 CITIC LTD USD 17-Jan-23 6.80% 5 4

XS0758793342 CITIC LTD USD 21-Jan-18 6.88% 4 3

XS0554658947 COOPERATIEVE CENTRALE RA GBP 1-Nov-17 3.25% 3 2

XS1267602214 COSL SINGAPORE CAPITAL USD 30-Jul-20 3.50% 3 2

USG24524AG84 COUNTRY GARDEN HLDG CO USD 10-Jan-23 7.50% 5 4

DBANFB13019 EASTERN AIR OVERSEAS HK CNY 5-Jun-16 3.88% 2 4

DBANFB14009 EASTERN AIR OVERSEAS HK CNY 13-Mar-17 4.80% 3 4

US38141GEE08 GOLDMAN SACHS GROUP INC USD 15-Jan-16 5.35% 3 2

XS0142963445 GOLDMAN SACHS GROUP INC GBP 14-Feb-17 6.13% 4 2

XS1032978345 GOLDMAN SACHS GROUP INC EUR 18-Oct-21 2.50% 4 3

US38141GRD87 GOLDMAN SACHS GROUP INC USD 22-Jan-23 3.63% 4 3

GSB10Y2012 Hong Kong Government HKD 7-Dec-20 2.44% 2 1

XS0565475505 HONGKONG ELECTRIC FINANC USD 14-Dec-20 4.25% 3 2

XS0526606537 HSBC BANK PLC EUR 15-Jan-21 4.00% 3 2

US404280AK50 HSBC HOLDINGS PLC USD 5-Apr-21 5.10% 3 2

XS0276102265 HUTCHISON WHAMPOA FIN UK GBP 24-Nov-17 5.63% 3 2

AU3CB0208619 HYUNDAI CAPITAL SERVICES AUD 16-May-17 4.50% 3 4

XS0361034423 INTL BK RECON & DEVELOP AUD 2-May-18 0.00% 2 1

AU3CB0201366 JPMORGAN CHASE & CO AUD 7-Nov-17 4.65% 3 2

DBANFN14018 K WAH INTL FIN SRVS LTD HKD 5-Jul-21 4.38% 3 4

DBANFN14028 K WAH INTL FIN SRVS LTD HKD 6-Sep-21 4.25% 3 4

USG5320CAA65 KUNLUN ENERGY CO LTD USD 13-May-20 2.88% 3 2

XS1242768536 LENOVO GROUP LTD CNY 10-Jun-20 4.95% 2 3

FR0012171221 LVMH MOET HENNESSY VUITT GBP 20-Dec-17 1.63% 3 2

XS1037253645 NWD MTN LTD USD 26-Feb-21 5.25% 3 2

XS0946643490 POLY REAL ESTATE FINANCE USD 6-Aug-18 4.50% 4 3

US718286BK23 REPUBLIC OF PHILIPPINES USD 15-Jan-21 4.00% 4 3

HK0000261336 ROSY CAPITAL GLOBAL LTD CNY 30-Jul-18 5.25% 3 4

DBANFN13009 R-REIT INTERNATIONAL FIN HKD 22-Mar-18 4.13% 3 4

XS1058142081 SHUI ON DEVELOPMENT HOLD USD 19-May-18 8.70% 4 5

CILHFN14011 SINOCHEM OFFSHORE CAPITA CNY 13-May-17 3.55% 3 2

USG8201JAB73 SINOPEC GRP OVERSEA 2015 USD 28-Apr-20 2.50% 3 2

USG8201JAC56 SINOPEC GRP OVERSEA 2015 USD 28-Apr-25 3.25% 3 2

HSBCFB14013 SINOTRANS SAILING LTD CNY 10-Jun-17 4.50% 3 4

BNYHFN14019 UNICAN LTD CNY 18-Sep-17 5.60% 3 4

912810FP8 US TREASURY N/B USD 15-Feb-31 5.38% 2 3

HSBCFN14002 VALUE SUCCESS INTL LTD CNY 29-Jan-19 4.95% 3 2

HSBCFB14022 VAST EXPAND LTD CNY 11-Sep-17 5.20% 2 4

DBANFN12041 WHARF FINANCE NO 1 LTD HKD 27-Nov-18 2.90% 1 2

DBANFN12035 WHARF FINANCE NO 1 LTD CNY 27-Mar-18 4.00% 2 4

DBANFN14008 WHEELOCK FINANCE LIMITED HKD 27-Feb-21 4.06% 3 2

DBANFB14025 YIELDKING INVEST LTD CNY 31-Jul-17 5.15% 3 4

Remarks: The Bonds/Certificates of Deposit Risk Level stated in this website is determined according to the combination of quantitative and qualitative risk factors, mainly including price volatility, issuer risk and liquidity:

1 = low risk. Minimal chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate minimal price fluctuations over short periods of time.

2= low to medium risk. Low chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate moderately low level of price fluctuations over short periods of time.

3 = medium risk. Moderate chance of losing a significant portion of your capital over the term of the investment (although this is not guaranteed). Expected to demonstrate moderate level of price fluctuations over short periods of time.

4 = medium to high risk. Moderately high chance of losing a significant portion of your capital over the term of the investment. Expected to demonstrate moderately high level of price fluctuations over short periods of time.

5 = high risk. High chance of losing a significant portion of your capital over the term of the investment. Expected to demonstrate high level of price fluctuations over short periods of time.

2019 bonds/certificates of deposit risk rating changes ... · bond code issuer currency maturity...

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