On December 3, Hua Xia Bank Co.,Limited successfully issued a 4.5 billion yuan financial bond using an industry-first innovative model combining blockchain book building and digital yuan fund collection. The entire issuance process was recorded on-chain in real time, ensuring immutability and transparency for investors. Funds raised were directly settled via digital yuan, eliminating multiple intermediary clearing steps.
The bond issuer was Hua Xia Financial Leasing Co., Ltd., a subsidiary controlled by Hua Xia Bank. Initially planned at 3 billion yuan, the issuance included an over-allotment option of 1.5 billion yuan, which was fully exercised, bringing the total to 4.5 billion yuan. The 3-year bond carries a fixed coupon rate of 1.84%.
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