The Bank of China has chosen Luxembourg to list its 500-million-U.S.-dollar bond during an official ceremony on Wednesday at the Luxembourg Stock Exchange.
The Initiative "is a framework that allows us many more financing and many more transactions of a close border nature to help the capital markets", said Robert Scharfe, CEO of the Luxembourg Stock Exchange, during the official Bell Ceremony on Wednesday.
"At the end, it means building a bridge between the Chinese market and the international investor community. Important steps have been taken but we can extend it way beyond this, and we are determined to play a role in this development moving forwards."
Launched on April 10, Bank of China issued the Belt-and-Road-themed bonds in 5 currencies in the international market, raising 3.8 billion U.S. dollars equivalent altogether through its offerings.
The 500-million-U.S.-dollar tranche was issued via its branch in Luxembourg, and has received excellent market reaction.
I am your contact