财政部在卢森堡发行40亿欧元主权债券
Sou Hu Cai Jing·2025-11-19 09:16

Core Viewpoint - The Ministry of Finance of the People's Republic of China successfully issued €4 billion in sovereign bonds in Luxembourg, marking the first issuance of euro-denominated sovereign bonds by China in this market, which received strong demand from international investors [1] Group 1: Issuance Details - The issuance included €2 billion in 4-year bonds with an interest rate of 2.401% and €2 billion in 7-year bonds with an interest rate of 2.702% [1] - The total subscription amount reached €100.1 billion, which is 25 times the issuance amount, with the 7-year bonds having a subscription multiple of 26.5 times [1] Group 2: Investor Profile - The investor base was diverse, with geographical distribution as follows: 51% from Europe, 35% from Asia, 8% from the Middle East, and 6% from offshore investors in the United States [1] - The types of investors included sovereign entities (26%), fund management (39%), banks and insurance companies (32%), and dealers (3%) [1] Group 3: Custody and Listing - All issued bonds will be held in the Central Moneymarkets Unit (CMU) of the Hong Kong Monetary Authority and will subsequently be listed on the Hong Kong Stock Exchange and the Luxembourg Stock Exchange [1]