Bank of Communications issued 500 million yuan of free trade offshore bonds.

Journalists have learned that the Sydney branch of Bank of Communications recently successfully issued a 3-year RMB offshore bond totaling 500 million yuan. The bond was registered and managed by the Central Clearing House and will be listed on the Luxembourg Stock Exchange. It is understood that this issuance is not only the first in the market to issue medium to long-term offshore bonds in the form of negotiable certificates of deposit, but also the first public offering of offshore bonds in the Oceania region. This marks a new positive development in the construction of the Shanghai offshore bond market.