财政部发行40亿欧元主权债券 吸引超千家机构参与、认购总额超千亿欧元
Zheng Quan Shi Bao Wang·2025-11-19 10:43

Group 1 - The Ministry of Finance successfully issued €4 billion in sovereign bonds in Luxembourg on November 18, marking the first issuance of euro-denominated sovereign bonds by China in Luxembourg, which received enthusiastic market response with total subscriptions reaching €100.1 billion, 25 times the issuance amount [1] - The bonds included €2 billion with a 4-year maturity at an interest rate of 2.401% and €2 billion with a 7-year maturity at an interest rate of 2.702% [1] - The investor base was diverse, with geographical distribution showing 51% from Europe, 35% from Asia, 8% from the Middle East, and 6% from offshore US investors, while the types of investors included sovereign entities, fund management, banks and insurance, and dealers [1] Group 2 - This issuance represents the fifth time the Ministry of Finance has entered the international euro bond market, with the bonds listed in Luxembourg highlighting the resilience of financial cooperation between China and Luxembourg [2] - Over 1,000 institutions participated in the issuance, with a significant portion of the orders coming from central banks, sovereign wealth funds, and public institutions, indicating strong international investor confidence in China [2] - The issuance is seen as an attractive investment opportunity for international investors, further demonstrating China's commitment to deepening connectivity with international financial markets and establishing a pricing benchmark for euro-denominated bonds for Chinese enterprises [2]