On Nov 9, Suzhou Industrial Park State-owned Assets Holding Development Co., Ltd. successfully offered the Shanghai FTZ offshore RMB bond at the Shanghai headquarter of CSDCC with a value of RMB1bn, a term of 5+5 years and an interest rate of 3.6%, which was the first FTZ offshore bond in Suzhou and also the debut of the SOEs in the Suzhou Industrial Park on the overseas bond market.

Haitong Securities served as the chief coordinator of this offering and innovated the China+foreign underwriters model. This bond is the first public FTZ bond underwritten in the cooperation between a Chinese broker and a Singapore broker and also the first long-term public FTZ bond. It has been approved to be listed on SGX on Nov 15.