Gansu Financial Holding Group's subsidiary, Longyuan Financial Leasing (Pingtan) Co., Ltd. (hereinafter referred to as Longyuan Leasing), has successfully issued the province's first dual-labeled asset-backed securities (ABS) featuring both "technological innovation" and "SME financing support" tags. This issuance marks the initial tranche of Longyuan Leasing's 1 billion yuan shelf-registered ABS program, underscoring strong capital market confidence in the company's asset quality, institutional strength, and the region's strategic push for sci-tech finance.
The dual-labeled ABS issuance totaled 395 million yuan, with the senior A tranche amounting to 170 million yuan at a coupon rate of 2.15%, the senior B tranche at 130 million yuan with a 2.45% coupon, and the senior C tranche at 75 million yuan carrying a 2.60% rate. These rates represent the lowest borrowing costs ever achieved by a local state-owned enterprise in Gansu Province.
According to sources, this dual-labeled ABS product is both an industry breakthrough and a market benchmark, filling a critical gap in Gansu's securitization landscape by combining the dual dimensions of "tech innovation" and "SME empowerment." Within the underlying asset pool, tech-innovation enterprises account for 75.05% of assets, while SME assets make up 74.01%. The structure effectively channels assets from the company's "Three New Products" offerings, including the "Technology Innovation Easy Lease" and "Specialized & Innovative Easy Lease" programs, successfully revitalizing existing assets held by tech-driven SMEs. This initiative directs low-cost capital precisely to the real economy, reducing financing costs for businesses and providing a robust boost to regional manufacturing upgrades and the cultivation of the tech innovation industry.
Going forward, Longyuan Leasing intends to remain committed to serving the real economy, leveraging its specialized leasing services and continuously innovating its capital market strategies. The company will focus on the needs of tech enterprises, specialized and innovative firms, and SMEs, consistently delivering precise, efficient, and low-cost financial leasing solutions. Through these efforts, it aims to channel financial resources into the tech sector and empower the growth of small and medium-sized enterprises.