Core Viewpoint - China Ship Leasing successfully issued its first offshore RMB bond, marking a significant step in its international capital market financing and supporting the internationalization of the RMB [2][3]. Group 1: Bond Issuance Details - On November 5, 2025, China Ship Leasing issued a three-year offshore senior unsecured fixed-rate bond worth 1 billion RMB, under its 3 billion USD medium-term note program [2]. - The issuance attracted a peak order size of 3.8 times the issuance amount, with the final coupon rate set at 1.95%, reflecting a 50 basis points narrowing from the initial price guidance [2]. Group 2: Financial Strategy and Efficiency - The company capitalized on the historical low rates of offshore RMB bonds amidst high USD interest rates, achieving significant cost savings compared to USD bonds and optimizing its debt structure [2][3]. - This strategic decision demonstrates the company's foresight in capital structure management and its ability to navigate global financial market trends [3]. Group 3: Utilization of Funds - The raised funds will primarily support RMB projects within the shipbuilding and maritime equipment industry, enhancing the integration of ship leasing business with the RMB settlement system [3]. - By creating a closed-loop system for RMB financing and business operations, the company actively participates in the internationalization of the RMB and promotes the global competitiveness of China's shipbuilding and shipping industries [3]. Group 4: Future Outlook - The successful issuance of the first offshore RMB bond enhances the company's financing channels in overseas markets and strengthens its diversified financing system [3]. - As the global shipping industry undergoes green transformation and supply chain restructuring, China Ship Leasing aims to deepen its presence in international capital markets, enhancing the influence of China's shipping and shipbuilding industries in the global value chain [3].
中国船舶租赁成功发行首单离岸人民币债券