In late June, Shanghai State-owned Assets Management, a subsidiary of Shanghai International Group, successfully issued the first short-term financing bond in 2019, "19 H.G.Z.CP001". The issuance period of the current bond is one year, and the issuance scale is 1 billion yuan, attracting a total of 1 billion yuan of various market funds, 3.05 times of the full price, and the final coupon rate is 3.26%, which is much lower than the current benchmark lending rate of the same term, optimizing the debt structure and effectively saving the financing costs.
This bond is the short-term financing bond first issued by the company, marking the company's success in a full range of public offering varieties of credit bonds in the inter-bank bond market and stock exchange market. Abundant financing means giving the company the flexibility to choose suitable financing channels according to their own business needs in different capital market environments.
So far, the company's direct financing by issuing bonds in the first half of 2019 has been successfully completed as scheduled: it has raised 4 billion yuan in total by issuing bonds, involving products including ultra-short-term financing bonds, short-term financing bonds, medium-term notes and corporate bonds issued publicly. The period of fund raising includes less than one year, one year, three years and five years, with the weighted average annual comprehensive financing cost of 3.64%.