BOC issues 1st euro bond on London bourse
Print Edition
LONDON Stock Exchange yesterday said it has witnessed the first euro bond by a Chinese issuer admitted to trade on its markets.
The Bank of China has issued a 500-million-euro (US$550 million) bond listed in London, via its Hungarian branch, as part of wider bond program by the bank to offer funding for China’s “One Belt, One Road” projects, said LSE.
The project aims at boosting links and commerce between China and countries along the old land-based and maritime silk routes, noted LSE.
Nikhil Rathi, director of international development at LSE, said in a statement: “This latest euro-denominated bond, a first for a Chinese issuer, demonstrates London Stock Exchange’s apposition as the leading gateway for Chinese firms looking to access European and global capital in the full range of currencies.”
Chen Huaiyu, general manager of the Bank of China Hungarian Branch said: “The success of the bond issued by Bank of China Hungarian Branch shows that international investors have great confidence in the CEE (Central and Eastern Europe) region and also in the ‘One Belt, One Road’ projects initiated by China.”
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