Huan Qiu Wang·2025-08-04 05:48Core Insights - The issuance of the world's first offshore bond from the Shanghai Free Trade Zone by Bank of Communications Hong Kong branch with a coupon rate of 1.85% and a maturity of 3 years [1] - The bond has received ratings of A2 from Moody's and A from Fitch [1] - The bond will be listed on both the Macau Financial Assets Exchange (MOX) and the Luxembourg Stock Exchange (LuxSE) [1] Summary by Categories Issuance Details - The bond is issued through a public offering and has a coupon rate of 1.85% with a 3-year term [1] - The bond is managed by the Central National Debt Registration and Settlement Co., Ltd. [1] Ratings and Clearing - The bond has been rated A2 by Moody's and A by Fitch, indicating a strong credit quality [1] - The Shanghai Free Trade Zone branch of Bank of Communications serves as the designated clearing bank for the offshore bond [1] Listing Information - The bond will be simultaneously listed on the Macau Financial Assets Exchange (MOX) and the Luxembourg Stock Exchange (LuxSE) [1]