Recently, JIC Shanghai independently issued the first private corporate bond offerings (“private bond offerings”) on the Shanghai Stock Exchange. At a size of RMB 400 million, the bonds have a maturity of 3 years, a nominal rate of 3.59%, and a whole-market multiple of 2.98 times. At a low level among similar products issued by leasing companies of the same level, the offerings have been widely recognized by market fund owners.

The private placement bonds are independently issued based on the AA+ entity rating of JIC Shanghai without external credit enhancement. It marked the first attempt and breakthrough of JIC Shanghai in credit bonds, enriching its financing services, reflecting its strong independent financing capacity, and manifesting the full trust of the financial market in the JIC Leasing brand.