On January 15, Industrial Bank, as the lead lead underwriter, successfully landed the first phase of green directional asset-backed notes (quasi-REITs) in 2024 of Wuxi Guolian Development (Group), with an issuance scale of 106.6 billion yuan, with a term of 18 years and a subscription multiple of nearly 3 times, becoming the first commercial office REITs in the interbank market.
It is reported that this product is also a green bond, and the underlying asset is a green building, which meets the relevant requirements of the Catalogue of Green Bond-Backed Projects (2021 Edition), which is an important achievement of IB to actively practice the concept of green development and do a good job in green finance. It is estimated that it is expected to save 1,325 energy per year16 tons of standard coal, carbon dioxide emission reduction 292861 tons.
Interbank market REITs are one of the products vigorously promoted by the National Association of Financial Market Institutional Investors (NAFMII) to support the innovative development of asset-based markets. Such products can effectively revitalize the stock of real estate assets, promote a virtuous cycle of investment and financing, promote the transformation of enterprises from asset-heavy to "asset-light and management-heavy" business model, and help the high-quality development of the real economy. In 2023, IB underwrote a total of 7 REITs in the interbank market, with a total issuance amount of RMB 9.5 billion.