On July 18, JIC Leasing successfully offered USD500 million senior unsecured bonds in offshore market.

China Jianyin Investment Ltd., the controlling shareholder of JIC Leasing, provided keep-well agreement for the bonds which were granted an A+ rating by Fitch. With an issuing amount of USD500 million, the bonds have a term of three years and a coupon rate of 3.375%.

The said bond offering marked the second successful offering of JIC Leasing at abroad. In the process, the company actively increased the opportunities of raising funds in foreign bond markets, grabbed a good window for offering, and voluntarily got in touch with loan banks and asset managers, among other financing-related parties to search for low-cost capital. After road shows in Singapore and Hong Kong, the bond offering attracted over 60 financial institutions all over the world, including banks, asset management companies, fund companies, insurers, securities companies and private banks. The investors subscribed actively for the bonds. 

The successful issuing of USD bonds by JIC Leasing in foreign market has further reduced its financing costs, laid a good foundation for it to reach into more foreign capital markets and provided a strong funding guarantee for it to better serve the real economy.