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Homepage » News » JIC Successfully Issued 2 Billion Yuan Corporate Bonds

JIC Successfully Issued 2 Billion Yuan Corporate Bonds

2019-04-10

On April 2, 2019, China Jianyin Investment Ltd. successfully issued the 3-year corporate bonds of 2 billion yuan, with a coupon of 3.87%. The corporate bonds received the highest AAA rating and will be listed on the Shanghai Stock Exchange. Since the launch of the issuance, China Jianyin Investment Ltd. reached out to institutional investors such as banks and funds to expand market coverage and has achieved good results in reducing financing costs. The issue rate is lower than average compared with the peers recently.

Since the second half of 2018, the monetary policy of PBOC has started to shift towards reasonable easing, and market interest rates have obviously dropped. China Jianyin Investment Ltd. grasped the favorable opportunity to explore and reserve financing channels. China Securities Regulatory Commission approved the group’s public corporate bonds with a total face value of not more than 8 billion yuan to qualified investors in December 2018.

This is the first time China Jianyin Investment Ltd. has issued corporate bonds in the domestic stock exchange market. It is also another breakthrough in the financing channels of China Jianyin Investment Ltd. after it issued financial bonds in the domestic inter-bank market in 2015 and the USD/EUR dual-currency bonds overseas in 2017. The financing work of China Jianyin Investment Ltd. will keep its focus on the Group's strategy to coordinate capital arrangements and to strengthen liquidity management, so as to support the development of the JIC Group and its member enterprises.

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Homepage » News » JIC Successfully Issued 2 Billion Yuan Corporate Bonds