The ZGC Development Group has issued its first corporate bond. Its securitization of leasing assets has been approved.

Recently, the ZGC Development Group has successfully issued corporate bonds in the open capital market, becoming the first to apply corporate bonds in financing leasing in China. The bond is totaled 1.1 billion yuan, with a maturity of seven years and a coupon rate of 4.20%, a new low for AAA corporate bonds issued in recent two years. 

The “Phase I of Guangfa Hengjin—a Special Asset Support Program”, jointly created by ZGC Sci-tech Financing Leasing Company (a subsidiary of the ZGC Development Group) and GF Securities Asset Management Company, has successfully obtained the “No Objection Letter of Transfer Listed in Shanghai Stock Exchange”. It will be listed in Shanghai Stock Exchange soon. 

With the total amount of 553 million yuan, “Phase I of Guangfa Hengjin“” is the first asset securitization product of the Group, and also the first asset-backed security product with the concept of “sci-tech financing lease”. The funding raised will be used for the leasing company to develop business and to better serve small and medium-sized technology enterprises.

In recent years, the ZGC Group has been optimizing the asset structure, broadening financing channels and raising funds through a broad variety of means in the capital market, to support high-end industrial development and demonstration zone construction. It has registered and issued bonds for the construction of ZGC National Independent Innovation Demonstration Zone Project, talent public rental housing private debt, short-term financing bonds, medium-term notes, corporate bonds and etc., with the total approved amount of 13.6 billion yuan, of which 3 billion has been actually issued, effectively supporting the development of the parks and industries in the Demonstration Zone.

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