Central Huijin Issues RMB15 Billion Debt Financing Instruments for Non-financial Enterprises for the First Time

On November 23, 2017, Central Huijin issued debt financing instruments for non-financial enterprises such as medium-term notes and short-term commercial papers in China’s inter-bank bond market. The first tranche of debt financing instruments are 3-year medium-term notes with an issuance amount of RMB15 billion and an interest rate of 4.98%. Funds raised from this issuance will be used to improve liability structure, replenish working capital and for purposes as per requirements of competent authorities and relevant laws and regulations. It is learned that the first tranche of bonds will be tradable in the market on November 28, 2017. Before the issuance of the bonds, according to the assessment of China Lianhe Credit Rating Co., Ltd., both the long-term credit rating of Central Huijin and the credit rating of the first tranche of bonds are AAA, with a stable outlook.