On March 12, “China Securities-ZGC Sci-tech Leasing Phase I of ABS in 2024” was successfully launched, with the total scale of 500 million yuan, at a composite coupon rate of 2.80%, a new low for the company’s similar ABS in history.

Among them, A-level bonds, with AAA rating, plans to raise 375 million yuan at the coupon rate of 2.80% with a maturity period of 1.78 years; B-level bonds, also with AAA rating, plans to raise 100 million yuan at the coupon rate of 2.80% with a maturity period of 2.02 years.

On the bookkeeping day of the ABS, the market response was enthusiastic, more than 40 institutional investors participated in the bid, including insurances and public funds. The subscription ratio reached 6.45 times, creating a new record for the ABS issued by ZGC Sci-tech Leasing.