Shenzhen Special Zone Daily: Shenzhen's 7 billion yuan offshore bonds issued in Hong Kong received enthusiastic subscription
2024-08-11
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On August 8, Shenzhen successfully issued its 2024 offshore RMB local government bonds in Hong Kong. This is the fourth consecutive year that Shenzhen has successfully issued offshore RMB local government bonds in Hong Kong since 2021, further promoting the interconnection of financial markets in the Guangdong-Hong Kong-Macao Greater Bay Area. It is reported that the scale of Shenzhen's offshore bond issuance this time is 7 billion yuan, which is favored by the international market and international capital.
The reporter learned from the Shenzhen Municipal Finance Bureau that the scale of the bonds issued by Shenzhen this time is 7 billion yuan, and the issuance period is 2/3/5/10 years. The 10-year medium- and long-term bonds are the first time that a local government in the Mainland has issued them overseas. Among the local government bonds issued this time, the 2-year bonds are social responsibility bonds, and the funds raised will be mainly invested in projects such as high school construction; the 3-year bonds are low-carbon city-themed green bonds, and the funds raised will be mainly invested in projects such as subways; the 5-year bonds, the funds raised will be mainly invested in projects such as railways; the 10-year bonds are sustainable development bonds, and the funds raised will be mainly invested in medical and health, education, infrastructure, and renovation of old communities. Projects, further promote green development, circular development, and low-carbon development, implement the sustainable development strategy, and continuously improve people's well-being in high-quality development.
The specific issuance situation this time is as follows: the issuance scale of the 2-year (social responsibility bonds) is 900 million yuan, and the pricing interest rate is 2.15%; the issuance scale of the 3-year (low-carbon city theme green bonds) is 2.7 billion yuan, and the pricing interest rate is 2.2%; the issuance scale of the 5-year is 2.4 billion yuan, and the pricing interest rate is 2.33%; the issuance scale of the 10-year (sustainable development bonds) is 1 billion yuan, and the pricing interest rate is 2.5%.
It is reported that this issuance fully complies with international market rules and has received extensive attention from internationally renowned investment institutions. Book-building pricing has been enthusiastically subscribed by investors, attracting 53 accounts from many different countries and regions to place orders, including orders from policy banks, commercial banks, sovereign wealth funds, insurance companies and other financial institutions. The peak order size of book-building pricing reached 48 billion yuan, and the order multiple reached 6.9 times.
(Shenzhen Special Zone Daily reporter Duan Linyun)
