On August 18, JIC Leasing successfully issued USD 500 million senior unsecured bonds with a three-year maturity and have a coupon rate of 1.375%. With an A+ rating from Fitch Ratings, the bonds will enjoy keepwell support from JIC Group, the controlling shareholder of JIC Leasing.

The bonds had an initial guide quote of T3+150BP, and received over USD 2.6 billion intent orders, and the subscription multiple peak exceeded over 5 times. Therefore, the final guide interest rate was reduced by 45BP, and the bonds were launched with a record low interest rate of T3+105BP. The bonds were purchased by a wide range of investors, including about 80 banks, asset management companies, fund companies, insurance companies and securities companies from all over the world, widely connected and recognized by the market.

The successful issuance of USD 500 million overseas bonds by JIC Leasing has further expanded its financing channels, reduced its financing costs, and provided a strong financial guarantee for JIC Leasing to better serve the real economy.