JIC Leasing recently worked with DBS Bank to issue its first cross-border loan in Japanese Yen. Amounting to RMB200 million, and with a term of 1 year, the loan has a combined cost rate of about 2.89%.

JIC Leasing has always studied the international currency markets, and with the continued strength of the U.S. dollar, has tried to capture the right window for the JPY exchange rate, providing cross-border financing through innovative use of the Japanese currency. In order to effectively hedge against exchange rate and interest rate uncertainties during the loan period, JIC Leasing carried out currency swap transactions matching the borrowings with DBS Bank, effectively locking in financing costs and guarding against any exchange rate and interest rate risks.

JIC Leasing's issuance of a cross-border loan in JPY further expands the company's financing channels, broadens its currency offering, reduces financing costs, and ensures a diversified convergence with the international markets. As a next step, JIC Leasing will continue to focus on the domestic and international capital situation, and introduce more innovative financing products to provide lower-cost funds.