上海清算所成功支持国泰君安证券首次发行全国证券行业“玉兰债”
2021年11月24日，银行间市场清算所股份有限公司（以下简称上海清算所）成功支持国泰君安证券股份有限公司（以下简称国泰君安证券）完成“玉兰债”发行登记，证券行业“玉兰债”正式落地。
本次玉兰债发行规模3亿美元，期限3年，发行利率1.619%，吸引众多国际投资者积极认购，簿记订单最高超过12亿美元，最终定价较初始指导价收窄40bps，在美元低利率期间为发行人海外业务锁定了长期低成本资金。
“玉兰债”是上海清算所在人民银行指导下，与境外基础设施欧清银行通过跨境合作服务境内机构境外发债的创新探索，自2020年底推出、2021年2月首单落地以来受到市场广泛关注，并被纳入上海国际金融中心建设“十四五”规划。此次上海清算所携手国泰君安证券，成功推动全国证券行业“玉兰债”在上海绽放，是双方作为在沪金融基础设施与金融机构深化合作、贯彻落实上海国际金融中心“十四五”建设规划部署的最新成果，有助于进一步提升上海国际金融中心的全球金融资源配置能级与金融创新功能，强化上海金融开放枢纽门户，带动形成我国金融发展创新的示范引领效应。
下一步，上海清算所将在监管部门指导下，切实履行金融基础设施职责，响应市场需求不断优化“玉兰债”业务机制，进一步探索打造金融基础设施国际网络核心节点，助力双循环新发展格局构建及上海国际金融中心建设。
On November 24, 2021, Shanghai Clearing House successfully supported Guotai Junan Securities to complete the registration of its Yulan Bond, which is the first Yulan Bond issued by securities firms in China.
This Yulan Bond, issued with a volume of $300 million, term of 3 years, and yield to maturity of 1.619%, has attracted many international investors to actively subscribe. The book building order was peaked at 1.2 billion dollars, and the final pricing narrowed 40 basis point from the initial price guidance, locking down long-term low-cost fund for the issuer's overseas business during the period of low USD interest rate.
Yulan Bond is an innovative exploration of Shanghai Clearing House to serve domestic institutions’ overseas issuance needs through the cross-border cooperation with overseas infrastructure Euroclear Bank, under the guidance of People's Bank of China. Since its launch at the end of 2020 and the first issuance in Feb. 2021, Yulan Bond has received extensive attention and has been included in the “14th Five-year Plan” of the Construction of Shanghai International Financial Center. Shanghai Clearing House, joint with Guotai Junan Securities, has successfully promoted the first Yulan bond issued by securities firms in China to flourish in Shanghai, which is the latest achievement of deepening cooperation between both parties as a financial infrastructure and financial institution in Shanghai and implementing“14th Five-year Plan” of the Construction of Shanghai International Financial Center. It will help further enhance the global financial resource allocation capacity and financial innovation function of Shanghai International Financial Center, strengthen the financial openness of Shanghai, and drive the demonstration and leading effect of China's financial development and innovation.
Going forward, Shanghai Clearing House will continue to fulfill the responsibilities as a financial infrastructure under the guidance of regulatory authorities, continuously optimize the mechanism of Yulan Bond in response to market demands, and further explore the building of international network core node of financial infrastructures, contributing to the construction of dual circulation development pattern and the construction of Shanghai International Financial Center.
沪公网安备 31010102007195号
