Shanghai Dazhong Financial Leasing Phase III ABS of 5G Phased Consumption is Successfully Issued on The Shanghai Stock Exchange
The "phase III asset-backed special scheme of Tianfeng-Dazhong Financial Leasing 5G phased consumption" initiated by Dazhong Leasing and undertaken by Tianfeng Capital has been successfully established on August 17, 2020. By then, the approved shelf of “phase I-III asset-backed special schemes of Tianfeng-Dazhong Financial Leasing 5G phased consumption” has been successfully offered. This shelf offers a total of 3 asset-backed special schemes, and the coupon rate continues to reach a new low, which marks the further improvement of the market recognition of the terminal ABS products of operators, as well as the mature experience and important position of Dazhong Financial Leasing in the securitization market of 5G smart retail sectors.
The current product is the 3rd issuance of 1 billion shelf. The product is categorised into priority level and secondary level, among which the priority scale is RMB325 million, accounting for 92.75%, and AAA rating; the secondary scale is RMB0.254 million, accounting for 7.25%. The 3rd issuance is also highly recognised by the majority of investors, with a subscription rate of more than 2.5 times, and the interest rate reaches a new low.
The phase III asset-backed special scheme of Tianfeng-Dazhong Financial Leasing 5G phased consumption is the final work of this shelf, but it is not the terminal of the Dazhong Financial Leasing in the phased consumption assets. In the future, Dazhong Financial Leasing will continue to adhere to the philosophy of "gathering the public and integrating resources", deeply cultivate the phased consumption field of operators, provide investors with more high-quality assets, and strive to become the benchmark. Through the use of ABS to activate the operators' phased consumption assets, Dazhong Financial leasing has not only diversified its own financing channels, but has also further improved its own popularity and comprehensive influence in the industry.