Structure the credit.
Access the market.
JUNYI CAPITAL works with international issuers on offshore debt financing, with a particular focus on Hong Kong CNH bonds, high-yield credits and transactions where structure matters.
A different funding equation.
For issuers facing expensive USD borrowing, the relevant question is increasingly whether offshore RMB can offer a better all-in funding alternative.
Could CNH lower your funding cost?
RMB and USD rates have diverged materially over the recent cycle. For the right credit, that gap can create an actionable financing window — after credit spread, tenor, FX exposure, hedging and transaction costs are taken into account.
Explore the CNH caseFrom credit to executable structure.
We focus on the questions that determine whether a financing can actually clear the market: credit, structure, pricing, investor fit and timing.
Credit Assessment
Understand the business, cash flow, assets, leverage, shareholder support, country risk and what debt investors will actually underwrite.
Transaction Structuring
Design tenor, repayment, guarantee, credit enhancement, issuing entity and support arrangements around the issuer’s real constraints.
Market Positioning
Match the credit and structure to prevailing investor demand, required yield and the market window.
Complex credits are where structuring matters most.
Our experience is most relevant when a standard investment-grade financing template does not fit.
High Yield
Credits where investors require a deeper explanation of risk, support and repayment capacity.
Non-Investment Grade
Issuers with real businesses and assets, but without easy access to investment-grade pricing.
Emerging Markets
Cross-border financings where country risk, currency, structure and investor familiarity all matter.
Corporate, public-sector and sovereign-related credits.
We work primarily with international corporates and public-sector related issuers, while expanding our focus to sovereign and quasi-sovereign borrowers.
Corporates
Infrastructure, energy, manufacturing, natural resources, transport, utilities and other asset- or cash-flow-backed businesses.
Issuer profilesPublic-Sector Related
State-owned enterprises, infrastructure operators, public utilities and government-related entities.
Issuer profilesSovereign & Quasi-Sovereign
An expanding coverage area for issuers seeking Asian investor diversification or offshore RMB funding.
Issuer profiles