Group 1 - The Chinese Ministry of Finance successfully issued €4 billion in sovereign bonds in Luxembourg, marking the first issuance of euro-denominated sovereign bonds by China in this location [1] - The issuance included €2 billion in 4-year bonds at an interest rate of 2.401% and €2 billion in 7-year bonds at 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 - The investor base for the bonds was diverse, with geographical distribution including 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] - The bonds will be fully custodied in the Hong Kong Monetary Authority's Central Moneymarkets Unit (CMU) and will be listed on the Hong Kong Stock Exchange and Luxembourg Stock Exchange [1] Group 3 - The choice of Luxembourg as the issuance location is seen as a way to deepen communication with European institutional investors and to build a euro bond pricing system for China in the international market [2] - This issuance is expected to enhance China's influence in international financial markets and signal a positive move towards the opening up of China's capital markets [2] - It aims to strengthen cooperation between China and Europe in areas such as investment financing and risk management [2]
中国财政部在卢森堡成功发行40亿欧元主权债券
Zhong Guo Xin Wen Wang·2025-11-19 12:20