申万宏源承销的首单“玉兰债”成功发行

Core Viewpoint - The successful issuance of the "Yulan Bond" by Shandong Yihe Holding Group, facilitated by Shenwan Hongyuan, marks a significant achievement in cross-border cooperation and innovation in the bond market, enhancing the company's role in international finance [1][2]. Group 1 - Shenwan Hongyuan acted as a joint global coordinator for the issuance of a 3-year senior unsecured US dollar bond worth $8.445 million, with a coupon rate of 5.99% [1]. - This issuance is the first "Yulan Bond" by a state-owned enterprise in Shandong Province, following the launch of the "Yulan Bond" initiative by the Shanghai Clearing House and the European Clearing Bank in December 2020 [1]. - The "Yulan Bond" is designed to facilitate cross-border issuance for Chinese issuers in the international market, providing registration, custody, and settlement services through interconnected financial infrastructures [1]. Group 2 - The successful issuance of the "Yulan Bond" demonstrates Shenwan Hongyuan's investment banking capabilities and its commitment to supporting the real economy while promoting the opening of China's bond market [2]. - The issuance has received high recognition from the issuer, laying a foundation for deepening cooperation in the future [2]. - Shenwan Hongyuan plans to continue enhancing collaboration with issuers, leveraging its professional expertise and efficient communication to expand the breadth and depth of client relationships [2].