NewsNEWS CENTER

31

2019

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10

Rongfa Group successfully issued all 2 billion non-public corporate bonds.


 
 
Recently, the second phase of 2019 corporate bonds (non-publicly issued corporate bonds) "19 Junrong 02" of the state-owned enterprise Rongfa Group directly under Qingdao West Coast New area was successfully issued on the Shanghai Stock Exchange, raising 0.7 billion yuan, with a maturity of 3+2 years and a coupon rate of 4.70, a new low of the same level and maturity since 2017. So far, the group's 2019 non-public corporate bond issuance of 2 billion yuan has been successfully concluded, marking a new breakthrough in the integration and innovation of direct financing in the new area, and fully reflecting the general optimism of the capital market and investors on the development prospects of the West Coast New Area, as well as the high recognition of the comprehensive strength and credit of Rongfa Group.
  
 
Since the beginning of this year, Rongfa Group has rapidly expanded its main businesses such as development and construction, ship repair and construction, and trade, expanded the scale and strength of the enterprise, improved operating income and profitability, and successfully obtained the external credit rating of AA enterprises in a relatively short period of time. and through project loans, mergers and acquisitions loans, financial leasing, trust, bond issuance and other financing methods, a total of more than 16 billion yuan of credit has been granted by financial institutions, it provides a strong financial guarantee for the battle of the new district's integration offensive and the investment battle of "one district and three parks" in Guzhenkou to help the new district build a "test field" for the in-depth development of integration and innovation.
 

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Company address: 388 Wheel Mountain Road, West Coast New District, Qingdao, China

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