On May17, Sanya Yazhou Bay Science and Technology City Development and Construction Co., Ltd. issued the first Euro bond of Hainan Free Trade Port, with a scale of 66 million euros, a coupon rate of 2.0%, and a maturity of 335 days, which is provided with a standby letter of credit (SBLC) by the Haikou Branch of Bohai Bank.

The euro is the unified currency of the European Union. As an international organization for large-scale regional economic cooperation in Europe, the EU has played a vital role in promoting peace, pursuing a prosperous life for citizens, and achieving sustainable socio-economic development. The euro, which is a new combination methods transcending national and national economic boundaries, is undoubtedly attractive to countries and groups, and also draws a new blueprint for international economic integration.

According to the Overall Plan for the Construction of Hainan Free Trade Port, the cross-border securities investment and financing policy will be reformed on a pilot basis – explicitly supporting domestic enterprises registered in Hainan Free Trade Port to issue shares abroad in accordance with domestic and foreign financing plans, and giving priority to supporting enterprises to raise funds through overseas bond issuance. The issuance of the bonds by the development and construction enterprises is an innovative attempt of the key park of the Hainan Free Trade Port to open up overseas financing channels, and also expands the diversified financing channels for the Science and Technology City.

Sanya Yazhou Bay Science and Technology City is one of the 11 key parks of Hainan Free Trade Port, which is mainly composed of five parts: Breeding in Hainan Science and Technology City, Sanya Deep Sea Science and Technology City, Sanya Yazhou Bay University Town, Nanshan Port and the global animal and plant germplasm resources introduction transit base (that is, "one port, three cities, one base"). Hainan is striving to build Sanya Yazhou Bay Science and Technology City into a national deep-sea science and technology innovation center, a gathering place for the deep integration of " Breeding in Hainan Silicon Valley" and industry-university-research city.

The successful issuance of the Eurobond also shows the confidence of investment institutions at home and abroad in the development of Sanya Yazhou Bay Science and Technology City, and the dividends of the development of Hainan Free Trade Port are gradually emerging and released.

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Source(s): Hainan News Network