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Interest Rate Hits a Five-year Low！BEWG Issues the First Panda MTN of 2021 2021-04-26
On April 25, BEWG (00371.HK) announced that its first tranche of Panda MTN for 2021 has been successfully issued in the inter-bank market on April 22. Both the body rating and the facility rating of Panda MTN are AAA in this issue, with a term of 8 years (5+3), an issuing scale of 1.5 billion yuan, and a stated interest rate of 3.98%. This is the second time that BEWG raises funds in the inter-bank bond market after issuance of the first full-market perpetual panda MTN in 2020, and the stated interest rate hits a record low in recent bonds of the same maturity.
This issue is favored and recognized by many financial institutions, including insurance companies, large state-owned commercial banks, joint-stock commercial banks, municipal commercial banks, fund companies, securities companies, etc. The investors actively participated and subscribed.
All funds raised in this issue of the Panda MTN are intended to be used to repay the debt financing instruments that are due. The Group will uphold the principle of matching the debt cycle with the investment cycle, and perform capital market direct financing by means of constantly issuing long-term bonds, so as to achieve the goal of stabilizing and optimizing debt capital structure and reducing financing costs, providing a strong guarantee for long-term, robust and rapid business development of the Group.
This issue is favored and recognized by many financial institutions, including insurance companies, large state-owned commercial banks, joint-stock commercial banks, municipal commercial banks, fund companies, securities companies, etc. The investors actively participated and subscribed.
All funds raised in this issue of the Panda MTN are intended to be used to repay the debt financing instruments that are due. The Group will uphold the principle of matching the debt cycle with the investment cycle, and perform capital market direct financing by means of constantly issuing long-term bonds, so as to achieve the goal of stabilizing and optimizing debt capital structure and reducing financing costs, providing a strong guarantee for long-term, robust and rapid business development of the Group.
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