Zhitong Finance App learned that on February 6, Shanghai Yixin Financial Leasing Co., Ltd. (hereinafter referred to as “Yixin Leasing”) successfully issued the “Shanghai Yixin Financial Leasing Co., Ltd. 2024 First Targeted Debt Financing Tool” project (24 Yixin Leasing PPN001) in the interbank market, with a total fund-raising scale of 200 million yuan (RMB, same below). This is the first medium- to long-term corporate credit bond successfully issued by Yixin Leasing since its establishment. It is also the first targeted debt financing instrument successfully issued by an auto finance trading platform in the interbank market in 2024.
The issuance period for this Targeted Debt Financing Facility (PPN) project is 2 years. The Bank of Communications acts as the lead underwriter and bookkeeping manager, and takes the lead in the overall work, and creates a credit risk mitigation certificate (CRMW) for this targeted debt financing instrument. Furthermore, the Bank of Shanghai is the co-lead underwriter of this project. The issuance of this bond has been actively subscribed by many financial institutions, which fully shows that Yi Xin's leasing entity qualifications are recognized by the capital market, and that the company's business strategy and development potential are also widely favored by the market. According to reports, up to now, including the current PPN, Yi Xin Leasing has issued a total of 51,028 billion yuan of standardized products in the interbank and exchange markets.
The successful release of this PPN issue has opened up a new type of direct financing for Yixin Leasing. The financing categories are becoming more diversified, which is conducive to the further expansion of the financing field of Yixin Group. Yi Xin said that it will adapt to market changes through continuous optimization of the capital structure and continuous innovation and optimization of business models. At the same time, the company will respond more positively to the country's policies of expanding automobile consumption, enriching the supply of automobile financial products, and helping new energy vehicles go to the countryside, continue to firmly implement inclusive services, gradually expand its market share in the auto finance sector, and bring more value to the public and investors.