On July 14, JIC Leasing successfully issued the Phase III assets-backed securities (ABS) 2022. With a total size of RMB 1.398 billion, the weighted nominal interest rate was 2.92%, reaching a record low. The priority A1 securities were issued at an interest rate of 2.55%, relatively low among peers recently, winning the wide recognition of the market.

This ABS offering has further reduced the financing costs and optimized the debt structure of the Company.

In response to the signs that market liquidity has been loosened since 2022, JIC Leasing has strengthened macro analysis, accurately carried out market research, actively organized a number of investor roadshows, effectively conveyed its business development status and strategic layout at the new stage, to “go out and bring in” the market capital.

This successful ABS offering received the careful guidance and strong support of the Shanghai Stock Exchange and Asset Management Association. In the future, JIC Leasing will continue to improve the quality and efficiency of serving the real economy, actively introducing innovative financing models and practicing new development concepts.