On March 26th, Shanghai State-owned Assets Management Co., Ltd., subsidiary of Shanghai International Group (SIG), successfully issued its medium-term notes in 2018, with an issuance scale of RMB 1.5 billion, a credit rating of AAA/AAA, a term of 5 years and a coupon rate of 5.40%.

This time, 52 medium-term notes were issued during the same book-keeping period, and the average interest rate was 6.28%. Among them, 21 notes were rated the same as Shanghai State-owned Assets Management Co., Ltd., and their average coupon rate was 5.66%. After two days of bookkeeping, the 5-year notes of Shanghai State-owned Assets Management Co., Ltd. got an effective subscription amount of RMB 3.9 billion, namely an overall subscription multiple of 2.6, and the final coupon rate was 5.40%, lower than the average interest rate by 26bp of the AAA-rated middle-term notes recorded in the same period.

This successful issue of bonds reflects the capital market's recognition of Shanghai State-owned Assets Management Co., Ltd. and optimizes the matching of the company's balance sheet duration.