Mashang makes first financial bond placement

Tracy Li
Mashang Consumer Finance has issued its first batch of bonds, with the size of the issue being 500 million yuan.
Tracy Li

Mashang Consumer Finance has just issued its first batch of financial bonds, with the size of the issue being 500 million yuan (US$74.8 million).

The coupon rate of the bonds is fixed, with a tenor of two years.

According to Shanghai Brilliance Credit Rating & Investors Service Co Ltd, the credit rating of the issuer is AAA and the credit rating of the bonds is AAA.

Investors showed a strong appetite for the bonds, said the Chongqing-based consumer finance firm.

In August, Mashang was approved to issue bonds not exceeding 2 billion yuan in the national inter-bank bond market.

The company said that it will make arrangements for the issuance of subsequent financial bonds soon.

Special Reports
Top