据财政部新闻办公室消息，11月5日，中华人民共和国财政部代表中央政府在香港特别行政区成功发行 了40亿美元主权债券。其中，3年期20亿美元，发行利率为3.646%；5年期20亿美元，发行利率为 3.787%。此次美元主权债券受到市场热烈欢迎，国际投资者认购踊跃，总认购金额1182亿美元，是发 行金额的30倍。其中，5年期认购倍数达33倍。 此次美元主权债券投资者类型丰富，地域分布广泛。亚洲、欧洲、中东、美国投资者分别占比53%、 25%、16%、6%，主权类、银行和保险、基金资管、交易商等类型投资者分别占比42%、24%、32%、 2%。此次发行的债券将全部在香港联合交易所上市。 （原标题：财政部在香港发行40亿美元主权债券 总认购金额1182亿美元） ...

此次美元主权债券投资者类型丰富，地域分布广泛。亚洲、欧洲、中东、美国投资者分别占比53%、 25%、16%、6%，主权类、银行和保险、基金资管、交易商等类型投资者分别占比42%、24%、32%、 2%。此次发行的债券将全部在香港联合交易所上市。 财政部11月6日消息，11月5日，财政部代表中央政府在香港特别行政区成功发行了40亿美元主权债券。 其中，3年期20亿美元，发行利率为3.646%；5年期20亿美元，发行利率为3.787%。此次美元主权债券 受到市场热烈欢迎，国际投资者认购踊跃，总认购金额1182亿美元，是发行金额的30倍。其中，5年期 认购倍数达33倍。 ...

此次美元主权债券投资者类型丰富，地域分布广泛。亚洲、欧洲、中东、美国投资者分别占比53%、 25%、16%、6%，主权类、银行和保险、基金资管、交易商等类型投资者分别占比42%、24%、32%、 2%。此次发行的债券将全部在香港联合交易所上市。 责编:刘安琪 | 审核:李震 | 监审:古筝 【大河财立方消息】11月5日，中华人民共和国财政部代表中央政府在香港特别行政区成功发行了40亿 美元主权债券。其中，3年期20亿美元，发行利率为3.646%；5年期20亿美元，发行利率为3.787%。此 次美元主权债券受到市场热烈欢迎，国际投资者认购踊跃，总认购金额1182亿美元，是发行金额的30 倍。其中，5年期认购倍数达33倍。 ...

Group 1 - The Ministry of Finance will issue US dollar sovereign bonds in Hong Kong Special Administrative Region during the week of November 3, 2025, with a scale not exceeding 4 billion USD [1] - On November 13, 2024, the Ministry of Finance successfully issued 2 billion USD sovereign bonds in Riyadh, Saudi Arabia, marking China's first issuance of US dollar bonds in the Middle East [3] - The issuance included 1.25 billion USD for 3-year bonds at an interest rate of 4.284% and 750 million USD for 5-year bonds at an interest rate of 4.34% [3] Group 2 - The total subscription amount for the bonds reached 39.73 billion USD, which is 19.9 times the issuance amount, with the 5-year bonds having a subscription multiple of 27.1, setting a record for sovereign bond issuance [3] - The issuance yields for the 3-year and 5-year bonds were only 1 basis point and 3 basis points higher than the corresponding US Treasury bonds, marking the lowest yield spread in the US dollar bond market [3] - The successful issuance of US dollar sovereign bonds reflects international investors' confidence in China's economic and social development [4]

Core Viewpoint - The Ministry of Finance will issue US dollar sovereign bonds in Hong Kong with a scale not exceeding 4 billion USD during the week of November 3, 2025, following the approval from the State Council [1] Group 1: Recent Issuance and Market Response - On November 13, 2024, the Ministry of Finance successfully issued 2 billion USD in sovereign bonds in Riyadh, marking China's first issuance in the Middle East market [1] - The issuance included 1.25 billion USD in 3-year bonds at a rate of 4.284% and 750 million USD in 5-year bonds at a rate of 4.34% [1] - The total subscription amount reached 39.73 billion USD, 19.9 times the issuance amount, with the 5-year bonds having a subscription multiple of 27.1, setting a record for global sovereign bond issuance [1] Group 2: Historical Context and Investor Participation - Over the past decade, China's sovereign US dollar bonds have primarily been issued in the offshore market in Hong Kong [2] - On October 19, 2021, the Ministry issued 4 billion USD in sovereign bonds, marking the fifth consecutive year of issuance since the resumption in 2017 [2] - The issuance included 1 billion USD in 3-year bonds at a yield of 0.772%, 1.5 billion USD in 5-year bonds at 1.275%, 1 billion USD in 10-year bonds at 1.86%, and 500 million USD in 30-year bonds at 2.605% [2] - The subscription multiple exceeded 6 times, with active participation from international organizations, central banks, and various institutional investors, indicating a well-distributed investor base [2] Group 3: Strategic Importance - The successful issuance of US dollar sovereign bonds is seen as a significant measure to better utilize both domestic and international markets and resources, enhancing China's openness at a higher level [2] - It further improves the yield curve of US dollar sovereign bonds and reflects international investors' confidence in China's economic and social development [2]