The reporter learned from the Anhui Branch of the People's Bank of China that on December 25, the "Yangtze River Delta Advanced Manufacturing Enterprises 2023 First Phase Collective Short-term Financing Bonds" (hereinafter referred to as the "Advanced Manufacturing Enterprise Collective Notes") completed the registration and issuance, marking the successful landing of the country's first advanced manufacturing enterprise collective notes.
The issuance amount of the collective notes in this issue is 700 million yuan, with a maturity of 270 days and an issue interest rate of 298%, with SPD Bank as the lead underwriter. This issue of collective notes by the Yangtze River Delta region of three advanced manufacturing private enterprises jointly issued, Anhui Province Guoxuan Hi-Tech Co., Ltd. issued 400 million yuan, Jiangsu Province Sineng Electric Co., Ltd. issued 200 million yuan, Zhejiang Province Ningbo Exciton Technology Co., Ltd. issued 100 million yuan, by the China Bond Credit Enhancement Investment Co., Ltd. (hereinafter referred to as "China Bond Credit Enhancement") uses private enterprise bond financing support tools to provide credit enhancement, which is the "second arrow" of the People's Bank of China to support private enterprises to issue bonds It has a positive demonstration and driving effect.
The three issuers of this collective note are representative advanced manufacturing private enterprises in Anhui, Jiangsu and Zhejiang provinces, and are also leading enterprises in the subdivision of strategic emerging industries, but they all face problems such as small bond issuance quota of a single entity, high financing costs and low investor recognition. This issue of collective notes gives full play to the role of private enterprise bond financing support tool, and China Bond Credit Enhancement provides credit enhancement, and Shanghai Pudong Development Bank and China Bond Credit Enhancement signed a credit risk mitigation contract, which effectively reduces the financing cost of enterprises, and the issuance interest rate is 47 basis points lower than that of the one-year LPR, which is widely recognized by market investors.
On November 27, eight departments, including the People's Bank of China and the State Administration of Financial Regulation, jointly issued the "Notice on Strengthening Financial Support Measures to Help the Development and Growth of the Private Economy", which clearly stated that it is necessary to deepen the construction of the bond market system and smooth the bond financing channels of private enterprises. The Anhui Branch of the People's Bank of China conscientiously implemented the spirit of the document, under the guidance of the head office of the People's Bank of China and the National Association of Financial Market Institutional Investors, and joined hands with the People's Bank of China in the Yangtze River Delta region to give full play to the role of bond financing support tools for private enterprises, and jointly promote the successful implementation of this collective note, which strongly supported the financing needs of private enterprises in the advanced manufacturing industry in the Yangtze River Delta region and created an innovative model for more private enterprise bond financing.
In the next step, the Anhui Branch of the People's Bank of China will continue to increase policy publicity, guide financial institutions to continue to do a good job in bond underwriting services, make full use of bond financing support tools for private enterprises, innovate bond issuance and credit enhancement methods, promote more private enterprises within its jurisdiction to issue bonds for financing, give full play to the supporting role of bond financing in the private economy, and provide strong financial support for promoting high-quality economic development.
Hefei Tong client joint newspaper reporter Li Houxiang