SIGAM Issues Second-tranche Ultra-short-term Financing Bonds in 2020
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On August 26, 2020, SIG Asset Management Co., Ltd. (SIGAM) issued its second-tranche ultra-short-term financing bonds in 2020!
With a scale of 1 billion yuan, a term of 90 days and a coupon rate of 1.50 percent, it is SIGAM's first trial issue of bonds with a term of less than 1 year that has further diversified SIGAM's financing means. Amid dramatic fluctuations of market interest rates, SIGAM conducted early planning, made elaborate arrangement, focused on movements of currency interest rates, communicated with investment institutions, presented a road show and made inquiries. The final interest rate is far below bank loan rates with the same term.
The raised fund will be used to repay SIGAM's interest-bearing debts, further reduce its financial cost, help it stay focused on the primary business-investment and support the development of the real economy!
