| Fully support the smooth operation of freight and logistics, and leverage the role of finance in helping enterprises overcome difficulties.
Freight logistics is the artery of the national economy and the link of social development. In the face of the impact of the epidemic on the freight logistics industry, in order to implement the policy spirit of "preventing the epidemic, stabilizing the economy, and ensuring safe development", and to implement the work deployment of the State Council's freight logistics "ensuring smooth operation", with the support of the financial management department, on July 8th, SPDB Financial Leasing Co., Ltd. (hereinafter referred to as "SPDB Financial Leasing") issued 1.5 billion yuan of freight logistics themed financial bonds in the interbank market, with a term of 3 years, The main body and debt rating is AAA, and this bond has been actively subscribed by various investment institutions such as banks, funds, securities, insurance, and wealth management. The total order amount is 12.42 billion yuan, with a subscription multiple of 8.28 times and a coupon rate of 2.93%. The yield difference between this bond and the 3-year China Development Bank bond on the day of issuance is only 27bp.
This bond is led by Bank of China as the lead underwriter and bookkeeping manager, with Shanghai Pudong Development Bank, Postal Savings Bank, China Merchants Bank, China Construction Bank, Industrial Bank, CITIC Securities, China International Capital Corporation, CITIC Securities, Huatai Securities, Guotai Junan, and Industrial Securities as joint lead underwriters. The issuance of this bond is a powerful measure taken by SPDB Financial Leasing in response to the national "dual carbon" strategy and the call for financial support for the freight logistics industry. It will fully leverage the role of financial assistance in ensuring transportation and logistics supply and smooth operation, as well as helping enterprises alleviate difficulties.
The funds raised from this financial bond issuance will be targeted towards providing financial support to truck owners and related freight logistics enterprises, such as deferred repayment of principal and interest, continuation, and new investment. The focus will be on developing "green freight" leasing businesses for new energy heavy-duty trucks, mining trucks, logistics vehicles, and new energy heavy-duty truck batteries, as well as providing special financial support for cold chain logistics enterprises and livelihood guarantee enterprises.
The relevant person in charge of Bank of Pudong Leasing said that after the issuance of the Notice of the State Council on Joint Prevention and Control Mechanism for novel coronavirus Infection Pneumonia, the Party Committee of Bank of Pudong Leasing resolutely implemented the decisions and deployment of the Party Central Committee and the State Council, and proposed to focus on policy implementation, actively follow up and effectively meet the financing needs of the freight logistics industry, And has given high attention and resource allocation to the issuance of financial bonds related to freight logistics. With the joint efforts of the company's Party Committee and relevant business departments, the preparation work for bond issuance has been efficiently completed. At the same time, Puyin Leasing actively responded to the call for "anti epidemic and supply guarantee war" by investing 35 businesses in epidemic prevention and control, cold chain logistics and other enterprises, with a total amount of 992.5 million yuan.
As the first financial leasing company in China to combine financial and industrial capital, SPDB Financial Leasing has fully utilized the functional characteristics of "industry finance integration" and "financing material integration" in financial leasing in recent years. It focuses on the development of aviation and shipping, advanced manufacturing and emerging industries, energy and electricity, infrastructure, public utilities, and other fields, actively providing professional, distinctive, and innovative financial leasing products and services for various market entities. Under the policy call of regulatory authorities to return to the original source and serve the entity, since 2022, SPDB Financial Leasing has increased its support in the freight logistics business sector, actively expanding its business in the direction of new energy logistics vehicles and urban and intercity cold chain logistics. As of the end of June 2022, the company's freight and logistics leasing assets related to trucks
