China Central Depository & Clearing supported Shanghai Electric's overseas subsidiary in successfully issuing a 1.5 billion yuan free trade zone offshore bond, making it the world's first corporate free trade zone offshore bond. The bond has a maturity of three years and a coupon rate of 1.8 percent, while also setting a record for the largest single issuance size in the free trade zone offshore bond market and becoming the first free trade zone offshore bond listed on the Hong Kong Stock Exchange. The issuance attracted active subscriptions from investors in Hong Kong, Macau, Southeast Asia, the Middle East, Europe and other regions, marking the expansion of free trade zone offshore bond issuers from financial institutions to high-quality corporate entities. As a leading enterprise in China's high-end equipment manufacturing sector, Shanghai Electric used the free trade zone offshore bond to carry out offshore renminbi financing, effectively broadening the company's cross-border financing channels.
Shanghai Electric Group Co LtdSuccessfully issued world's first corporate FTZ offshore bond, broadening cross-border financing channels.
