中国国家开发银行双币种债券在纳斯达克迪拜成功上市

Core Insights - Nasdaq Dubai announced the successful listing of the dual-currency bonds issued by the National Development Bank, reinforcing Dubai's position as a center for international fixed income issuance and cross-border investment flows [1][2] Group 1: Bond Issuance Details - The bond issuance consists of two parts: a $500 million three-year floating rate bond with a spread of 30 basis points over the SOFR benchmark, and a €500 million three-year fixed rate bond with a coupon rate of 2.25% [1] - Moody's assigned an A1 credit rating to both parts of the bond, indicating high credit quality [1] - The euro-denominated portion saw a subscription rate of 15 times, setting a record for a single issuance by a Chinese financial institution, while the dollar-denominated portion had a subscription rate of 3 times, achieving the narrowest spread in similar issuances [1] Group 2: Investor Base and Market Impact - The investor base is diverse, including banks, sovereign institutions, investment funds, and asset management companies from financial centers such as Switzerland, Germany, the UK, Spain, the Middle East, and Asia [1] - Sovereign institutions, multilateral institutions, and government entities accounted for over 30% of the allocation in the euro-denominated portion [1] - Nasdaq Dubai has established itself as the preferred platform for Chinese issuers, with over $13.4 billion in fixed income instruments listed from major Chinese banks [2]