Core Viewpoint - China Bank has successfully completed the pricing and issuance of offshore bonds in the Shanghai Free Trade Zone, marking the world's first offshore bond issuance under the free trade framework, with a total issuance size of 500 million RMB and an interest rate of 1.65% [1] Group 1: Issuance Details - The issuance scale of the offshore bond is 500 million RMB [1] - The interest rate for the bond is set at 1.65% [1] - The subscription situation was better than expected, with active participation from various investors [1] Group 2: Strategic Implications - The offshore bonds follow the principle of "two ends abroad," with issuers including high-credit-rated enterprises from countries involved in the Belt and Road Initiative and Chinese companies expanding overseas [1] - The development of offshore bonds is expected to attract foreign issuers to issue bonds in Shanghai, contributing to the healthy development of the offshore RMB market and enhancing the internationalization of the RMB [1] - China Bank aims to leverage this issuance as an opportunity to actively participate in capital market innovation, enriching the types of offshore bond products and issuers [1]
中国银行发行自贸离岸债