INVESTMENT HIGHLIGHTS

  • Longbond gives investors access to bank-secured deposits, at far above the market interest rates for typical fixed deposits: annualised rate of LIBOR + 50bps
     

  • Represents direct, unconditional, unsubordinated, and fully-secured obligations, that are ultimately backed by the world’s second-largest bank in terms of total assets
     

  • Issued at a discount: investors receive the face value, interest inclusive, upon maturity
     

  • Traded on FUSANG Exchange prior to maturity
     

  • Minimum investment amount: 100 USD
     

  • Trading on Exchange in USD and BTC

Additional Risk Disclosure Statement

The Issuer has not obtained any credit rating, in respect of this investment. You will participate in this investment at your own risk, and you are advised to seek independent legal and tax advice. Fusang will not be responsible for any loss whatsoever arising from your investment.

 

The prices of securities may fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profits made as a result of buying and selling securities.

 

Every investment product contains default risks and/or counterparty risks. Default risk could come from the issuer’s failure to make payments as agreed. At time of market downturn, an issuer may default due to their inability to raise new debt to roll over or repay an old one. Counterparty risk refers to the failure of the trading party in fulfilling their financial contractual obligations.

MEDIA COVERAGE

FIRST PUBLICLY AVAILABLE BLOCKCHAIN-BASED DIGITAL BOND BACKED BY DEPOSITS WITH THE WORLD'S SECOND LARGEST BANK

LISTING SUSPENDED

FUSANG is excited to partner with CCB on this landmark issuance. We think this is the perfect showcase for how digital securities can power financial inclusion, by combining the exciting advancements in blockchain technology with the tokenisation of traditional securities. We believe that this will be the start of Crypto 2.0.

Henry Chong, CEO of FUSANG

Congratulations to China Construction Bank Corporation, Labuan Branch and FUSANG Exchange for developing a collaborative financial product. Labuan FSA encourages these kind of collaborative efforts among the Labuan financial institutions to facilitate cross pollination business and generate a more vibrant intra-Labuan financial market. We hope to see more players partaking in intra-Labuan financial activities in line with Labuan FSA’s long term strategy for sustainable business in Labuan.

Datuk Danial Mah Abdullah, Director-General of the Labuan Financial Services Authority

The issuance is a milestone in collaboration with FUSANG Exchange, the various Trust companies in Labuan and the professionals involved. The issuance itself serves to narrow the divide between Fintech and the wider financial markets.

CCB Labuan will continue to work on expanding the technological boundaries to provide value added products and services to our customers clients and associates.

Felix Feng Qi, Principal Officer of China Construction Bank Corporation Labuan Branch

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INVESTMENT INFO

Product Full Name

Longbond SR Notes USD Feb 2021

 

Digital Token Ticker

LBFEB21

Trading Pairs and Currencies

LBFEB21USD price quoted in United States Dollars (USD)

LBFEB21BTC price quoted in Bitcoin (BTC)

Listing Board

Fusang Exchange Main Board

Accepted Investors

Retail and Sophisticated Investors

Product Type

Debt

Industry

Financial Institution

ISIN Code

MYA170400008

Listing Date 

Suspended

Maturity Date:

26th February 2021

Coupon Rate

Zero coupon

Issue Price (Indicative)

USD 99.7970 

Annualized Yield (Indicative)

70.5 bps 

 

Face Value

USD 100 per Digital Token

Minimum Trade Value / Unit

USD 100 / 1 Digital Token per trade

Maximum Trade Value / Unit

 USD 1,000,000 / 10,000 Digital Tokens per trade

Total Number of Digital Tokens Issued

Suspended

COMPANY / ISSUER INFO

Issuer 

Longbond Ltd.

Promoter

China Construction Bank Corporation Labuan Branch

Promoter's Website

http://www.ccb.com/en/newinvestor/overview.html

Promoter's Contact Details

ccbl.info@my.ccb.com

Issuer's Place of Incorporation

The Federal Territory of Labuan, Malaysia

 

Issuer's Registered Office

Level 12(D), Main Officer Tower, Financial Park Labuan Complex, Jalan Merdeka,

87000, Federal Territory of Labuan, Malaysia

Issuer's Contact Details

info.longbond@baxiantrust.com

Corporate Director
Gurker (Labuan) Limited

Listing Sponsor

China Construction Bank Corporation Labuan Branch

Lead Arranger

China Construction Bank Corporation Labuan Branch

Custodian 

Fusang Custody Limited

Transfer Agent

Fusang Custody Limited

Token Issuance Platform

Fusang Custody Limited

Company Trustee

Baxian​ Trust (Labuan) Limited

Security Trustee

Pacific Trustees Labuan Ltd.

BLOCKCHAIN INFO

Blockchain Name

Ethereum 


Smart Contract Address

0x729cdE180a07D6F3109A69A5bF86aDC8FAc4aaFB

Blockchain Browser

https://etherscan.io/token/0x729cde180a07d6f3109a69a5bf86adc8fac4aafb

The Issuer is a special purpose vehicle and its principal activity is to establish the commercial paper programme of up to USD 3 billion in nominal value arranged by China Construction Bank Corporation Labuan Branch (“CCBL”). Funds raised from this issuance will be placed with CCBL as fixed deposit with maturity date in February 2021. The Notes are listed on Fusang Exchange in the form of digital tokens, which are deployed on the Ethereum blockchain using the ERC-20 protocol (the "Digital Tokens"). The Digital Tokens shall constitute direct, unconditional, unsubordinated and secured obligations of the Issuer and shall rank pari passu without any preference amongst themselves and shall at all times rank pari passu, without discrimination, preference or priority amongst themselves and at least pari passu with all other present and future unsecured and unsubordinated obligations of the Issuer, except those preferred by law. The Digital Tokens are traded on Fusang Exchange with prices quoted in USD and BTC.

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