Core Insights - China Modern Dairy Holdings Limited has been awarded the "Best Bond Deal of 2025" by FinanceAsia for its 5-year $350 million senior unsecured sustainable development bond issuance, recognizing its leadership in sustainable finance and impactful industry contributions [1][6] Group 1: Milestones Achieved - The bond issuance is the first sustainable USD bond in the Asia-Pacific food and beverage sector and the first globally in the dairy industry [1][3] - The issuance received a second-party opinion from Moody's and was rated SQS3 (Good), highlighting its best practices in fundraising, project evaluation, and fund management [3] Group 2: Market Performance - Despite a challenging market environment with expectations of global interest rate cuts and currency fluctuations, the issuance was successfully completed with strong investor demand [4][5] - The final order book exceeded $1.2 billion, achieving a subscription rate of 3.4 times, and the issuance size was increased from $300 million to $350 million due to high demand [5] Group 3: Recognition and Impact - The bond issuance set a record for the narrowest spread for a BBB-rated issuer in the Asia-Pacific food and beverage sector in 2025 [6] - The successful issuance not only secured critical funding for the company's green and social responsibility projects but also showcased the leadership of the Chinese dairy industry in the ESG space [6]