2022-07-06

球探体育 Successfully Issues Second-tranche Corporate Bonds in 2022

On July 1, 2022, 球探体育 Asset Management Co., Ltd. (SIGAM) issued its second-tranche corporate bonds in 2022.

With a scale of 1.2 billion yuan, a term of 3 years, an over-subscription ratio of 2.96 and a coupon rate of 2.90%, the issue attracted more than 30 institutions, including banks, securities brokers, fund companies, insurance companies and trust companies, showing the capital market's high recognition of 球探体育's qualification.

The successful issue marks the fulfillment of the approval document on issuing common corporate bonds of 2.5 billion yuan obtained by 球探体育 in October 2021. Under the document, 球探体育 issued three tranches of corporate bonds, with a scale of 900 million yuan, 400 million yuan and 1.2 billion yuan, a coupon rate of 3.12%, 2.80% and 2.90%, and a weighted rate of 2.96%, recording the lowest issue cost among 球探体育's medium & long-term bonds. The issue will provide strong support for 球探体育 to focus on its primary business--investment and for Shanghai to resume work and production.