On Aug. 12, China Central Depository and Clearing supported Shanghai Electric
Group’s offshore unit Shanghai Electric Global Capital Co. in issuing a RMB 1.5
bln China free-trade-zone (FTZ) offshore bond. The three-year note carries a
1.8% coupon. The deal is the world’s first corporate FTZ offshore bond, the
first FTZ offshore bond listed on the Hong Kong Stock Exchange and the largest
single issuance in the FTZ offshore bond market; it attracted orders from
investors across Hong Kong and Macau, Southeast Asia, the Middle East and
Europe.
