The final half of the year!Henan enterprise debt financing increased by 80 %, and urban investment, listed companies, and financial institutions issued debt on the bright spot

[Dahe Daily · Dahecai Cube] (Reporter Chen Yuyao) With the end of June 30, the first -class bond market ushered in the final half of the year.

With the support of macro policies such as direct financing and improving private enterprise bond financing support mechanisms, the number of debt issuance and debt issuance in the first half of the year ushered in a large explosion, which increased by more than 80%year -on -year, and the financing cost showed a certain range. Decline.

In the first half of the year, what are the highlights of bond issuance of urban investment companies, listed companies, and financial institutions in Henan?

In the first half of the year, the number of debt issuance and scale of Henan enterprises increased by 80%

According to corporate early warning data, in the first half of 2022, a total of 83 Henan enterprises issued bonds on Shanghai -Shenzhen exchanges and inter -bank trading markets (the start date). Debt, convertible bonds, debt paid, asset support bills, etc. The number of debt issued was 241, with a scale of 165.739 billion yuan. Compared with the same period in 2021, the number of debt issuance in Yu Enterprise in the first half of this year increased by 94.35%(124 bonds in the same period of 2021), and the scale of debt issuance increased by 80.8%(the scale of 91.666 billion yuan in the same period in 2021).

While the scale of debt issuance increased significantly, the financing cost of Yu Enterprise declined to a certain extent. In the first half of this year, the average interest rate of the debt issuance of Henan Enterprises was 4.33%, which was 3 basis points compared with the same period of 2021 (the average interest rate of 4.36%in the first half of 2021). Although the decline is not large, it is worth noting that the average bond in the first half of 2021 was 3.23 years, and the average bond period in the first half of this year was 3.06 years.

The scale of debt issuance has increased significantly, which stems from the strong support of the policy.

The "2022 Government Work Report" clearly proposes to promote financial institutions to reduce actual loan interest rates and reduce charges; guide financial institutions to accurately grasp credit policies, continue to provide financing support on industrial enterprises that have seriously affected the epidemic, and avoid industry -limited loans and loans. 2. Rebelling for loans; improve the financing support mechanism of private enterprise bonds, and promote the steady and healthy development of the capital market.

Subsequently, the State Council's Financial Stability Development Commission also proposed to improve the financing support mechanism of private enterprise bonds; continue to support reasonable financing of the real economy; vigorously support direct financing and promote the optimization of financing structure.

Urban investment bonds account for more than 80 %, and the financing cost of listed companies is lower than the average level of 154 basis points

Urban investment bonds are an important starting point for driving infrastructure investment, which is of positive significance for expanding domestic demand and stable economic growth.

In the first half of the year, the Urban Investment Corporation became the main force. A total of 70 Henan Urban Investment Corporation issued 204 bonds, with a scale of 137.476 billion yuan, accounting for 84.65%and 82.95%of the overall bond issuance of Henan enterprises, respectively.

It is worth noting that the average interest rate of Henan Enterprise City Investment Bonds was 4.47%, which was higher than the average financing cost of Yu Enterprise.

From a regional point of view, 75 urban investment companies in Zhengzhou are registered, accounting for 36.7%. This includes provincial investment platforms such as Henan Investment Group, Henan Transportation Investment Group, and Henan Water Conservancy Investment Group. Outside Zhengzhou, Luoyang, Zhumian, Shangqiu, Xuchang, Zhoukou, Kaifeng and other urban investment companies also issued more than 10 debts in the first half of the year.

In terms of listed companies, in the first half of the year, there were 7 bonds issued bonds of Yuneng Holdings, Central Plains Environmental Protection, Central Plains Securities, and Zhongyuan Expressway, with a total scale of 6.3 billion yuan and an average interest rate of 2.79%. Essence

In terms of financial institutions, in the first half of the year, Henan had a total of 15 financial institutions including Henan Agricultural Comprehensive Development Co., Ltd. and Henan Dahe Cai Cube Commercial Factory Co., Ltd., with a total scale of 12.415 billion yuan, with an average interest rate of 4.3%.

Responsible editor: Chen Yuyao | Review: Li Zhen | Director: Wan Junwei

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