On March 19, the "ninth medium-term note of China Chengtong Holding Group Co., Ltd. in 2024" exclusively underwritten by Shanghai Pudong Development Bank (hereinafter referred to as "SPDB") was successfully issued in the inter-bank bond market.

The issuance scale of this bond is 8 billion yuan, and the two-way call back mechanism is adopted. The type I term is 15 years, the issuance scale is 7 billion yuan, and the coupon rate is 3.21%; The term of Variety II is 30 years, the issuing scale is 1 billion yuan, and the coupon rate is 3.35%. The raised funds are intended to be used to repay interest bearing debts.

As one of the most important state-owned capital operating companies, China Chengtong Holding Group Co., Ltd. (hereinafter referred to as "Chengtong Holding") plays an active role in guiding social capital out of the void and into reality, and promoting the harmonious progress of state-owned economy and private economy. The issuance of ultra long term bonds in this period has optimized the debt structure of enterprises, reduced long-term financing costs, helped Chengtong Holdings play a role as a state-owned asset operation platform, better served the national strategy, and promoted the transformation and development of the real economy.

The Central Financial Working Conference proposed to optimize the capital supply structure, constantly enrich the corporate credit bond pedigree, broaden the direct financing channels of enterprises, and help speed up the cultivation of new drivers of economic growth and new advantages. This bond has improved the category of domestic credit bonds and is an important milestone of ultra long term bonds: it is the first 30-year debt financing tool in the inter-bank bond market and has optimized the term structure of China's credit bond market; It is the first time to establish the pricing anchor for the issuance of 30-year medium-term notes and improve the interest rate valuation curve of China's credit bond issuance.

The issuance of this bond is an important practice of implementing financial support for the real economy, giving full play to the direct financing advantages of medium and long-term bonds, broadening corporate financing channels, reducing comprehensive financing costs, strengthening the capital formation capacity of the state-owned assets operation platform, and injecting "fresh water" into the real economy. The whole process of registration, online listing and issuance of this bond has received professional guidance from the dealers' association, and inquiry, bookkeeping, registration and custody have received strong support from Beijing Financial Exchange and Shanghai Clearing House.

The relevant person in charge of Shanghai Pudong Development Bank said that the bank will focus on the investment and operation of state-owned capital and the transformation needs of the real economy, create a service system of "integration of industry and finance, and promoting production through finance" with professional, high-quality and efficient financial services, and help the high-quality development of the real economy.

Source: Guiyang Branch of Shanghai Pudong Development Bank

Edited by Xu Fanfang

Second instance Li Jie

Third instance Min Jie