（原标题：科特迪瓦在西非经货联盟区域市场成功发行15年期债券） 西非经济门户网10月9日报道，科特迪瓦在西非经货联盟区域市场成功发行15年期债券，共筹集 3960亿西非法郎（约7亿美元），超过3600亿西非法郎的初始目标，不仅展现了科长期调动本地货币资 源的能力，也反映出投资者对科持续的兴趣和信心。科此次发债为各国开辟了新的前景，事实上，早在 疫情期间，西非央行为发展地区经济、支持各国公共财政，曾将主要基准利率降至2%，然而自2022年6 月以来，央行为应对通货膨胀收紧了货币政策，主要政策利率在2024年达到3.5%的高位，目前降至 3.25%。科在此条件下成功发行长期债券，清晰地展现了市场前景，带动和鼓励各国政府重视利用长期 债券改善公共债务结构。 ...

9月24日下午，我省第九批政府债券在中央结算公司北京总部成功发行。本次发行规模94.28亿元，均为 新增专项债券。 本批新增专项债券重点投向棚户区改造、产业园区基础设施、农林水利和社会事业等领域159个在建项 目。本批债券期限涵盖5年、7年、10年、15年、20年、30年，加权平均利率2.36%，全场招投标倍数为 23.09。 | | | 2-1-11-7 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 发行日期 | 债券代码 | 债券简称 | 债券类型 | 发行规模 (亿元) | 发行期限 (年) | 票面利率 (%) | | | 2571089 | 25江西债53 | 专项债券 | 1. 367 | 5 | 1.80 | | | 2571090 | 25江西债54 | 专项债券 | 1. 4227 | 7 | 1.97 | | | 2571091 | 25江西债55 | 专项债券 | 10. 11 | 5 | 1.80 | | 9月24日 | 2571092 | 25江西债56 | 专项债券 | 1. 9066 | 10 | 2. 10 | ...

9月24日下午，我省第九批政府债券在中央结算公司北京总部成功发行。本次发行规模94.28亿元，均为新增专项债券。 本批新增专项债券重点投向棚户区改造、产业园区基础设施、农林水利和社会事业等领域159个在建项目。本批债券期限涵 盖5年、7年、10年、15年、20年、30年，加权平均利率2.36%，全场招投标倍数为23.09。 | 发行日期 | 债券代码 | 债券简称 | 债券类型 | 发行规模 | 发行期限 | 票面利率 | | --- | --- | --- | --- | --- | --- | --- | | | | | | (亿元) | (年) | (%) | | | 2571089 | 25江西债53 | 专项债券 | 1. 367 | 5 | 1.80 | | | 2571090 | 25江西债54 | 专项债券 | 1. 4227 | 7 | 1.97 | | | 2571091 | 25江西债55 | 专项债券 | 10. 11 | 5 | 1. 80 | | 9月24日 | 2571092 | 25江西债56 | 专项债券 | 1. 9066 | 10 | 2. 10 | | | 257109 ...

人民财讯9月23日电，据深视新闻，9月22日，记者了解到，深圳市政府在香港特别行政区成功发行2025 年离岸人民币地方政府债券。这是深圳市连续第5年安排地方政府债券在香港簿记发行、登记托管并挂 牌上市，持续推进粤港澳大湾区金融市场互联互通。本次发行债券规模为40亿元人民币，发行期限为 2/5/10年期，发行利率逐年下降。其中，2年期发行规模15亿元，定价利率为1.61%；5年期(大湾区主题 可持续发展债券)发行规模10亿元，定价利率为1.80%，募集资金将主要投向清洁交通、水治理等项目； 10年期(社会责任债券)发行规模15亿元，定价利率为2.08%，募集资金将主要投向医疗卫生、教育、保 障性住房、城中村改造等项目。 ...

Group 1 - The core viewpoint of the article highlights Shenzhen's successful issuance of offshore RMB local government bonds in Hong Kong, marking the fifth consecutive year of such activities, which promotes financial market connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2 - The total scale of the bond issuance is 4 billion RMB, with maturities of 2, 5, and 10 years, and a decreasing interest rate structure [1] - The 2-year bond has an issuance scale of 1.5 billion RMB with a pricing rate of 1.61% [1] - The 5-year bond, themed on sustainable development in the Greater Bay Area, has an issuance scale of 1 billion RMB with a pricing rate of 1.80%, with funds directed towards clean transportation and water management projects [1] - The 10-year bond, categorized as a social responsibility bond, has an issuance scale of 1.5 billion RMB with a pricing rate of 2.08%, focusing on healthcare, education, affordable housing, and urban village renovation projects [1] Group 3 - The issuance adhered to international market rules and garnered significant interest from well-known international investment institutions, with a peak order book subscription rate of 4.7 times [1] - On September 9, Shenzhen government successfully issued 1 billion RMB of offshore RMB local government bonds in Macau, bringing the total issuance for 2025 to 5 billion RMB [1]

Core Viewpoint - Hubei Province's plan to issue 11.13465 billion yuan in special refinancing bonds reflects a refined approach to local debt management and is a significant step in the national strategy to mitigate local debt risks [1][3][4] Group 1: Special Refinancing Bonds - Special refinancing bonds differ fundamentally from ordinary refinancing bonds, as they are specifically designed to replace hidden debts with explicit government bonds, enhancing debt management transparency [3][4] - The issuance is part of a broader national strategy, with over 2.2 trillion yuan allocated for local government bonds in 2023 and an additional 1.2 trillion yuan planned for 2024, indicating a concerted effort to manage local debt risks [3][4] Group 2: Financial and Structural Impacts - The bond issuance is expected to optimize Hubei's finances by replacing high-cost, short-term hidden debts, thereby reducing interest expenses and alleviating short-term repayment pressures [4][5] - By incorporating hidden debts into a regulated government debt management system, the initiative aims to improve transparency and regulatory efficiency, allowing local governments to focus resources on investment, consumption, and public welfare [4][5] Group 3: Long-term Considerations - While the refinancing bonds provide immediate relief, they are seen as a short-term solution that does not fundamentally resolve the underlying debt issues, necessitating concurrent fiscal reforms and economic restructuring [5] - The issuance of these bonds marks a shift from a "coarse" to a "refined" approach in local government debt management, emphasizing the need for long-term balance through economic development and institutional innovation [5]

Group 1 - The People's Bank of China continues large-scale reverse repurchase operations, releasing medium-term liquidity with a total of 1.6 trillion yuan in operations for the month, the highest level since January [7] - The offshore RMB bond market sees a fundamental shift in issuance structure, with non-Chinese enterprises' monthly issuance surpassing 35 billion yuan, significantly exceeding the 15 billion yuan from Chinese enterprises [9] - High-quality non-Chinese issuers can save approximately 44 basis points in costs by issuing dim sum bonds and converting to USD compared to directly issuing USD bonds [9] Group 2 - The S&P 500's third-quarter earnings growth forecast has been slightly raised from 7.2% to 7.6%, primarily driven by strong prospects in the technology sector [31] - The S&P 500's revenue growth expectation for the third quarter has increased from 4.8% to 6.2%, with the technology sector leading at 13.9% growth [32] - The U.S. banking sector has accumulated unrealized losses of up to $395 billion due to rising interest rates affecting bond market values [35] Group 3 - The U.S. consumer confidence index fell to 55.4, the lowest since May, with inflation expectations rising [28] - Concerns over potential retaliatory tariffs from China have led U.S. farmers to shift large-scale planting from soybeans to corn, with corn planting area expected to reach nearly 99 million acres, the highest since 1936 [43] Group 4 - Fitch downgraded France's sovereign credit rating from AA- to A+, citing political deadlock and challenges in achieving significant fiscal consolidation [47] - S&P upgraded Spain's sovereign credit rating from A to A+, reflecting improvements in private sector deleveraging and external financial conditions [50] - Fitch upgraded Portugal's sovereign credit rating from A- to A, highlighting significant progress in reducing public debt [53] Group 5 - India's Securities and Exchange Board has introduced reforms to lower the minimum IPO equity dilution ratio for companies with a market capitalization over 5 trillion rupees from 5% to 2.5%, aiming to facilitate large companies' listings [66] - Thailand's gold exports to Cambodia surged by 19% year-on-year, raising suspicions of potential money laundering activities [69] Group 6 - Hedge funds have reduced their net long positions in WTI crude oil to a record low of 12,657 contracts, driven by multiple bearish factors including OPEC+ decisions and forecasts of severe oversupply [75]

Group 1 - Hainan Province successfully issued offshore RMB local government bonds in Hong Kong, with a total issuance scale of 5 billion RMB [1] - The bonds include 3-year sustainable development bonds (2.5 billion RMB at 1.73%), 5-year blue bonds (1.5 billion RMB at 1.83%), and 10-year aerospace-themed bonds (1 billion RMB at 2.1%) [1] - The issuance attracted significant interest from diverse international investors, with peak order size reaching nearly 23 billion RMB, reflecting confidence in Hainan's credit strength and development prospects [1] Group 2 - The 10-year aerospace-themed bond is the first of its kind issued by a local government in China, aimed at promoting commercial aerospace development and providing quality investment options for international investors [2] - The issuance is part of Hainan's strategy to align with international high-standard economic and trade rules, supporting key industry development and financial innovation [2] - Hainan Free Trade Port will officially start its closed operation on December 18, 2025, marking a significant step in enhancing its role as a key gateway for China's new era of opening up [2]

Core Viewpoint - Hainan Province successfully issued offshore RMB local government bonds in Hong Kong, totaling 5 billion yuan, reflecting strong international investor confidence in Hainan's credit strength and development prospects [1] Group 1: Bond Issuance Details - The bond issuance includes three types: 25 billion yuan of 3-year sustainable development bonds at a rate of 1.73%, 15 billion yuan of 5-year blue bonds at a rate of 1.83%, and 10 billion yuan of 10-year aerospace-themed bonds at a rate of 2.1% [1] - The bonds will be listed on the Hong Kong Stock Exchange, adhering to international market rules [1] Group 2: Investor Interest - The issuance attracted significant interest from diverse investment institutions across Europe and Asia, including commercial banks and investment banks [1] - Peak order size reached nearly 23 billion yuan, indicating strong recognition and confidence in Hainan's free trade port [1]

Core Insights - The offshore RMB bond market, known as "dim sum bonds," is experiencing a new wave of expansion driven by increasing demand from global investors for RMB asset allocation [1][6][7] Group 1: Market Performance - In August 2025, the net financing amount for dim sum bonds reached nearly 70 billion RMB, marking the highest monthly figure of the year [1] - The issuance of dim sum bonds has accelerated, with 105 bonds issued in August 2023, totaling 123.56 billion RMB, and a net financing amount of 69.54 billion RMB, the best monthly performance of the year [3][4] - The first week of September 2023 saw the issuance of 20 dim sum bonds, with a total issuance scale of 12.73 billion RMB and a net financing amount of 4.99 billion RMB [3] Group 2: Issuance Trends - The total issuance scale of dim sum bonds surpassed 1 trillion RMB for the first time in 2024, reaching 1.27 trillion RMB, with a net financing amount close to 480 billion RMB [3][4] - The issuance scale for 2023 exceeded 750 billion RMB, with a net financing amount over 86 billion RMB [3][4] Group 3: Government Initiatives - The Shenzhen Municipal Government successfully issued 1 billion RMB of offshore RMB local government bonds in Macau, with a subscription peak of 6.62 times, setting a historical high for RMB bond issuance in Macau [2] - The Hainan Provincial Government plans to issue up to 5 billion RMB of offshore RMB local government bonds in Hong Kong, with various themes for different maturities [2] Group 4: Factors Driving Growth - The relative attractiveness of financing rates in China, especially since the People's Bank of China has lowered rates while the Federal Reserve has raised them, has made RMB financing more appealing [6][7] - Increased issuance frequency by local governments in offshore markets and improved liquidity arrangements in Hong Kong are contributing to the expansion of the dim sum bond market [6] - Government policies aimed at enhancing the connectivity between onshore and offshore RMB markets, solidifying Hong Kong's status as a RMB liquidity hub, and increasing the availability of RMB in international markets are expected to support the continued growth of the dim sum bond market [6]