兴业银行成功发行全市场首单自贸区主体“玉兰债”

Core Viewpoint - The issuance of "Yulan Bonds" by Industrial Bank marks a significant expansion in the types of issuers for this financial product, enhancing offshore financing channels for financial institutions in the Free Trade Zone and promoting the internationalization of the Renminbi [1]. Group 1: Issuance Details - Industrial Bank issued the first "Yulan Bond" in the market with a scale of 3 billion RMB, a term of 3 years, and a coupon rate of 1.95%, which is a reduction of 50 basis points from the initial price guidance [1]. - The funds raised from this bond will be specifically allocated to new productive sectors such as information communication, advanced materials, and biomedicine [1]. Group 2: Market Response - The bond attracted a diverse range of investors, including banks, brokerages, asset management firms, and insurance companies, with a peak subscription multiple exceeding 4.3 times, setting a historical record for both order size and subscription multiple for Yulan Bonds [1]. - An international roadshow was held in Hong Kong during the issuance phase, attended by representatives from the Shanghai Clearing House, global coordinators, joint bookrunners, and over 40 investors [1]. Group 3: Future Outlook - The bank plans to explore the issuance of multi-currency offshore bonds in the future, aiming to continuously introduce long-term, stable, and low-cost offshore funding to support the real economy [1].