光银国际携手中国光大银行海口分行助力海南省成功在港发行30亿元离岸人民币地方政府债券

近日，光银国际作为联席牵头经办人和联席账簿管理人，助力海南省离岸人民币地方政府债券成功定价，债券将在香港交易所挂牌上市。本次海南省政府发行的30亿元离岸人民币地方政府债券，包括3年期可持续发展债券10亿元、5年期蓝色债券10亿元和10年期蓝色债券10亿元，定价利率分别为2.07%、2.15%和2.45%。

此次发行是海南省财政厅第三次在境外发行地方政府债券，获得投资者的踊跃认购，峰值订单规模达360亿元，是发行规模的12倍，创历史新高。截至目前，海南省政府累计在香港发行的离岸人民币债券总融资规模已达130亿元。

其中，海南省首次在境外发行的10年期蓝色债券亦获得了投资者的高度认可，充分彰显了国际资本市场对海南省海洋经济发展以及海南自贸港长期投资的信心。对于该期限债券，香港特区政府财经事务及库务局副局长陈浩濂表示，此次发行进一步丰富了香港市场的人民币金融产品，有助于稳慎扎实推进人民币国际化。

本次发行将首次使用海南自贸港多功能自由贸易账户（EF账户）进行债券资金交收，实现EF账户在多元化跨境资金自由便利场景下的有效应用。

香港金融管理局负责外事的助理总裁许怀志表示，此次债券发行是琼港金融合作的又一重要里程碑。香港作为连接内地和国际市场的桥梁，是内地机构境外融资的首选地。期待通过此次发债，琼港两地能够在更广泛的金融领域深化合作。

在海南自贸港建设的大背景下，光银国际高度重视历史机遇下的业务发展，紧跟跨境投融资需求，积极与光大银行总行金融市场部、光大银行海口分行联动，发挥“投行+商行”的业务协同优势。本次发行也是光大银行连续三年作为承销商参与海南省地方政府境外债券的发行，展现了光大银行总分行以及境外投行子公司的高效联动机制，行内一心、三方合力助力省级地方政府走向国际资本市场。

Recently, People’s Government of Hainan Province of The People’s Republic of China (“Hainan Government”), successfully priced its 3 billion yuan senior fixed rate notes (the “Notes”), including 3-year  environment and social sustainability bonds of 1 billion yuan, 5-year “blue” bonds of 1 billion yuan, and 10-year “blue” bonds of 1 billion yuan. CEBI acted as Joint Lead Manager and Joint Bookrunner on this deal. The Notes will be listed on HKEX.

This issuance is the third overseas issuance of local government bonds by the Hainan Provincial Department of Finance and has been enthusiastically subscribed by investors. The peak order size and the order multiple reached 36 billion yuan and 12 times respectively, a record high. Up to now, the total financing scale of offshore RMB bonds issued by the Hainan Government in Hong Kong has reached 13 billion yuan.

Among them, the 10-year blue bond issued overseas for the first time by Hainan Government has also been highly recognized by investors, fully demonstrating the confidence of the international capital market in the development of Hainan Province’s marine economy and the long-term investment in the Hainan Free Trade Port. Regarding the bonds of this term, Under Secy for Hong Kong Financial Services & the Treasury Joseph CHAN Ho Lim, said that this issuance further enriches the RMB financial products in the Hong Kong market，helping to steadily and solidly promote the internationalization of the RMB.

This issuance will use Hainan Free Trade Port's multi-functional free trade account (EF account) for bond fund settlement for the first time, realizing the effective application of EF accounts in diversified cross-border capital free and convenient scenarios.

Executive Director (External) of the Hong Kong Monetary Authority Kenneth HUI Wai Chi said that, as a bridge connecting the mainland China and international markets, Hong Kong is the first choice for overseas financing by mainland institutions. It is hoped that through this bond issuance, the two places can deepen cooperation in a wider range of financial fields.

Against the background of the construction of Hainan Free Trade Port, CEBI actively cooperates with China Everbright Bank head office and China Everbright Bank Haikou Branch to give full play to the business synergy advantages of "investment bank + commercial bank". This issuance is the third time that China Everbright Bank has underwritten overseas bonds of local governments in Hainan Province, demonstrating the efficient linkage mechanism between China Everbright Bank branches and overseas investment banking subsidiaries.