Express
Guotai Junan International issues first digital native bond by Chinese securities firm, not exceeding $300 million
Summary: According to official sources, Hong Kong-listed company Guotai Junan International (1788.HK) announced today the completion of the first public offering of digital native bonds issued by a Chinese securities firm, with a size not exceeding $300 million and a term of 3 years. The issuance adopts a direct issuance structure, priced in US dollars, and ...
According to official sources, Hong Kong-listed company Guotai Junan International (1788.HK) announced today the completion of the first public offering of digital native bonds issued by a Chinese securities firm, with a size not exceeding $300 million and a term of 3 years. The issuance adopts a direct issuance structure, priced in US dollars, and relies on HSBC Orion digital asset platform for issuance settlement. As the lead global coordinator and settlement agent, Guotai Junan International has pioneered Chinese institutions in the blockchain bond market.
Digital bonds are bonds issued using blockchain or distributed ledger technology, characterized by digitization, programmability, automatic execution, higher transparency, and reduced settlement risks and costs.
Tags:
Link: Guotai Junan International issues first digital native bond by Chinese securities firm, not exceeding $300 million [Copy]
