Following the successful issuance of its first domestic stock exchange corporate bond in early April this year, China Jianyin Investment (JIC) completed the pricing of its second corporate bond on July 23, 2019. The two bonds issued by JIC in this period achieved a total financing scale of 3 billion yuan. The issuance rate for the three-year bond is 3.68% while the issuance rate for the five-year bond is 3.98%, marking a new record low for domestic bond issuance rates.

From the results of the book, the current investors covered a wide range, with reasonable structure and good liquidity. A total of 44 investors participated in the book, and the subscription amount reached 8.425 billion yuan. In the end, there were 27 investors, with 44%, 28%, 19% and 10% allocated to funds, securities, banks and insurance firms respectively. The successful issuance has laid a good investor foundation for JIC's future bond financing.