Xin Hua Cai Jing·2025-10-27 08:29Core Viewpoint - CITIC Bank successfully issued $300 million floating rate bonds on both the London Stock Exchange and the Hong Kong Stock Exchange, marking a significant milestone in its internationalization process [2]. Group 1: Bond Issuance Details - The bond issuance is part of CITIC Bank's $5 billion medium-term note program [2]. - The peak order size exceeded $2.4 billion, which is 8 times the issuance size [2]. - The final pricing of the bonds was set at SOFR + 50 basis points, achieving the best price for Chinese banks' overseas bond issuance in 2025 [2]. Group 2: Company Background - CITIC Bank was established in 1987 and is one of the first Chinese commercial banks to participate in both domestic and international financial markets [2]. - The bank aims to create a comprehensive cross-border financial service system by developing a full-spectrum product portfolio for foreign exchange business and a one-stop service platform for cross-border finance [2].