On December 28, 2023, the Shanghai ** Stock Exchange and China Securities Index Co., Ltd. announced the release arrangement of the SSE Credit Enhancement Industrial Bond Index Series, which includes 7 indexes, and selects industrial bonds with corresponding maturity, rating and guaranteed credit enhancement from the Shanghai Stock Exchange market as index samples to provide diversified investment and analysis tools for the market.
The guarantee credit enhancement of the guarantee institution has a certain effect on the credit qualification of the bond, which helps to reduce the difficulty and financing cost of the enterprise to issue bonds. Up to now, the scale of the existing credit enhancement bonds listed and listed on the Shanghai Stock Exchange is about 21 trillion. Comparing the debt rating and entity rating of the existing credit enhancement bonds, the corresponding debt rating of most bonds with credit enhancement guarantee clauses is 1 to 2 credit ratings higher than the entity rating. The data shows that the coupon rate of the existing credit enhancement bonds is 043%。The improvement of bond credit qualification can effectively reduce the difficulty and financing cost of enterprise bond issuance, promote direct debt financing of enterprises, and help further play the role of the financial market in helping the development of the real economy.
As of the end of November 2023, China Securities Index Company has managed more than 600 bond indexes, providing a wealth of fixed income performance benchmarks and investment targets for asset management. Subsequently, China Securities Index Company will further enrich the bond index system and provide domestic and foreign investors with more diversified investment targets.
Editor-in-charge: Ren Haopeng |Review: Li Zhen |Supervisor: Wan Junwei.
*: CSI Index).