Brussels, 25 November 2021 - Euroclear Bank, the Brussels based International Central Securities Depository (ICSD) is pleased to announce that Guotai Junan Securities is utilising its Yulan bond structure. 

The issuance was priced at USD 300 million with a tenor of three years and was four times oversubscribed. Euroclear Bank’s Yulan bonds are issued through Shanghai Clearing House with international investors able to benefit from real time multi-currency DVP settlement with any counterparty within Euroclear Bank’s network.  With these Yulan bonds, Chinese issuers are now able to gain direct exposure to a wider foreign investor base, reaping the benefits of a greater liquidity pool and improved cost efficiencies.

Wang Hongbo, Deputy General Manager, Shanghai Clearing House said: “ Congratulations to Guotai Junan on the first Yulan bond issued by a Chinese securities firms in the global markets. Together with Euroclear Bank, Shanghai Clearing House will continue to optimize the Yulan bond structure in line with market demand under the guidance of regulatory authorities, which will further contribute to the further blossoming of the Yulan bond.”

NIE Xiaogang, CFO, Deputy General Manager, Guotai Junan Securities added: “The successful issuance is another remarkable achievement in financial innovation by Guotai Junan. Not only did it assist in our global business expansion, it also played a leading role in improving capacity levels of better allocating global financial resources as well as further strengthening the financial innovation function of Shanghai city as the International Financial Center, symbolizing the entry into a new stage by Chinese institutions for overseas bond issuance activities.”

Stephan Pouyat, Global Head of Capital Markets and Funds Services at Euroclear commented:” We are extremely pleased to see this issuance come to fruition which is especially meaningful given that this is the first Chinese investment bank to use our Yulan structure. We look forward to 2022 where we see a healthy pipeline of issuances from all sectors continuing the momentum of this new and innovative structure.”


Note to editors

Euroclear group is the financial industry’s trusted provider of post trade services. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.

The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear   UK & International. The Euroclear group settled the equivalent of EUR 897 trillion in securities transactions in 2020, representing 276 million domestic and cross-border  transactions, and held EUR 35.2  trillion in assets for clients by end June 2021.

More press releases

Media Release

Picture of

"We are extremely pleased to see this issuance come to fruition which is especially meaningful given that this is the first Chinese investment bank to use our Yulan structure." 

Stephan Pouyat, Global Head of Capital Markets and Funds Services, Euroclear


Media contacts

Contact us for information on Euroclear, including recent corporate developments and new Euroclear products and services, or to arrange interviews with our experts.


Thomas Churchill
Media Relations
+32 2 326 7944
Email

Craig MacDonald
Tel: +44 207 849 0315
Email

Sabine Leclercq
Tel: +32 2 326 3564
Email

Looking for expert views and opinions?