issued by orient zhisheng co., ltd. and cross border guaranteed by orient securities co., ltd., the bond had an issuance size of rmb 200 million and a coupon rate of 1.88%, and was listed on the luxembourg stock exchange. it drew subscriptions from high quality overseas institutional investors in hong kong, singapore and other regions.
under the guidance of the people’s bank of china, shch focuses on its functional positioning of supporting the central bank in performing its duties and advancing the development of shanghai as an international financial center. it supports the development of ftz offshore bond business to further expand financing channels for chinese enterprises “going global” and enterprises from countries and regions participating in the belt and road initiative, and provides international investors with diversified asset allocation options.
the successful issuance of the ftz offshore bond marks the latest practice of deepening offshore bond issuance cooperation between shch and orient securities, injecting new momentum into steadily and prudently advancing rmb internationalization and accelerating the development of shanghai as an offshore financial center.
going forward, under the guidance of regulatory authorities, shch will earnestly fulfill its responsibilities as a shanghai based financial market infrastructure, actively serve the high quality and steady development of the ftz offshore bond market, and contribute to accelerating the formation of an offshore financial ecosystem in shanghai and elevating the status of shanghai as an international financial center.
