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Juxin Leasing Successfully Issued the ABS Products (Phase I) in 2018

2018.04.25

On April 24, Juxin International Leasing Co., Ltd. (hereinafter referred to as “Juxin Leasing”) succeeded in issuing the 1st phase of asset-based securitization products in 2018, with an issuing scale reaching RMB1.99 billion, which have been listed on Shanghai Stock Exchange.

For this phase of asset-based special project, CITIC Securities serves as manager, Zhongtai Securities Co., Ltd. serves as financial consultant, while United Ratings Co., Ltd. serves as credit rating agency. This phase of ABS consists of senior A-grade products, senior B-grade products and subordinated products. The issuing scale of senior A-1-grade, senior A-2-grade and senior A-3-grade is RMB570 million, RMB765 million and RMB378 million respectively, and the issuing scale of senior B-grade is RMB180 million with a credit rating of AAA, AAA, AAA and AA respectively. The issuing scale of subordinated products is RMB97 million.

The quality of assets in the pool is good as tenants are scattered among 17 provinces, municipalities and autonomous regions with high degree of dispersion, and the industry is centered on steadily developed education, medical treatment and public utility with strong anti-economic cycle capacity and low default risk. This phase of asset-based special project has several financial institutions actively participated in and the products of which are highly recognized by the capital market.

Juxin Leasing always adheres to the high-quality standards of risk control, and insists on finishing follow-up management and payment work in an effective and stable manner. As an asset service institution, Juxin Leasing has paid RMB7.3 billion of principals and interests under the structured financing plan managed, and has managed and recovered the rents of about 3800 transactions as of 2017. With the bull news of ABS that it can be used as pledge, Juxin Leasing asset securitization business will embrace a new round of rapid development.