The First Issuance of PPN (RMB3 Billion) Was Successfully Launched by Beijing Science Park Development (Group) Co. Ltd
On November 15, 2017, private placement note (PPN) with amount of RMB3 billion, successfully registered by Beijing Science Park Development (Group) Co. Ltd at China’s National Association of Financial Market Institutional Investors (NAFMII) on August 3, 2017, underwent the smooth bookkeeping issuance for the first phase. At the first phase, it was planned to raise RMB1.2 billion, and actually gained nearly RMB1.6 billion approved by various investment agencies. This exceeded the preset fundraising goal, while the final issuance cost was about 30bp lower than that of other companies with similar rating of “AA+” on the market. This is another major achievement of Beijing Science Park Development (Group) Co. Ltd by means of aggressive expansion of financing channels and innovative financing after the successful issuance of asset securitization products with total amount of RMB2.2 billion in 2016.