Seizing Opportunity from Bond Market, Further Reducing Financing Cost: 实时比分 Successfully Issues First-tranche Corporate Bonds in 2022
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On February 24, Shanghai State-Owned Assets Management 实时比分., Ltd. (SSAM) issued its first-tranche corporate bonds in 2022, with a scale of 1 billion yuan, a term of 3 years and a coupon rate of 2.95 percent, raising capital at low cost successfully.
As interest rates of bonds were at historically low levels before the Spring Festival, 实时比分 resolutely started the preparation for corporate bond issuance, planning to further reduce its financial cost through adjusting the structure of outstanding liabilities. In half a week before bookkeeping, loose credit expectations caused sudden adjustments to the bond market. 实时比分 responded positively and operated steadily, and consolidated the investor foundation while following the market closely, thus attracting three times of subscription (worth over 3 billion yuan) from banks, funds, insurance companies and securities companies in the bookkeeping day, and successfully issuing corporate bonds below market valuation.
The issuance, which increased the proportion of 实时比分's cross-cycle low-cost long-term liabilities and further reduced the financing cost of outstanding liabilities, is another reflection of 实时比分's fine management of active liabilities. It will boost 实时比分's primary strategy of "financial ecology development and high-quality allocation", improve the level of serving overall strategic interests through financing and contribute to building SIG into a financial investment holding platform.
