Recently, Xiangjiang Group successfully issued the "Hunan Xiangjiang New Area Development Group Co., Ltd. 2024 Non-public Issuance of Corporate Bonds to Professional Investors (Phase I)", with Caixin Securities and Guotai Junan Securities as the lead underwriters. The amount of this bond issuance is 1.85 billion yuan, the term is 5 years, the coupon rate is 2.35%, and the subscription multiple is 2.87 times.
The investors of this issue of corporate bonds have a strong willingness to subscribe and the issuance interest rate is at a record low, which reflects the high recognition and strong support of the capital market for Xiangjiang Group. In recent years, Xiangjiang Group has always actively given full play to the advantages of AAA-level high-quality entities, actively strengthened debt risk management and control while comprehensively tapping potential and broadening the channels of capital sources, and took multiple measures to ensure the smooth landing of mature debts and ensure the sustainable and healthy development of the company.
The successful issuance of this bond will further optimize the financing structure of Xiangjiang Group and enhance its financing capacity. Xiangjiang Group will continue to anchor the four major business segments of area development, urban operation, industrial investment and financial services, lay out the innovation chain around strategic emerging industries, develop new quality productivity according to local conditions, contribute to the high-quality development of regional economy and society, and strengthen the role of state-owned enterprises.