Global investors hungry for Shenzhen’s US$775 million dim sum bond, the first mainland Chinese local government debt issued in Hong Kong
Published
Oct 12 2021 at 9:43 AM GMT
Key
Points
Points
- International institutional investors and overseas governments piled into Shenzhen’s 5 billion yuan (US$775 million) dim sum bond on Tuesday, the first direct offshore debt offering by a local-level mainland government in Hong Kong.
- The offering, which has tenures of two, three and five years, was oversubscribed by 25 times, attracting 17.4 billion yuan in orders from 89 global governments, insurers and pension funds, according to an announcement by the Shenzhen municipal government.
Trending
Stats
- Published Oct 12, 2021 9:43 AM GMT