Recently, with the implementation of a number of supportive measures in the bond market, the bond financing of private real estate enterprises has recovered, and the financing of private enterprises in the inter-bank bond market has generally remained stable and smooth. A reporter from China Securities Journal learned on June 9 that from January to May 2022, a total of 152 billion yuan of private enterprise bonds in the interbank market will be issued, accounting for about 62% of the total market private enterprise bond issuance in the same period, achieving a net financing of 41 billion yuan. It has played an important supporting role in stabilizing the bond financing of private enterprises.
In terms of bond issuance by real estate companies, since November 2021, the financing environment for real estate companies in the interbank bond market has continued to improve. Midea Real Estate, Longfor, Xuhui, Country Garden, Binjiang, Gemdale, Wanda and other private real estate companies have registered a total of about 41 billion yuan in debt financing instruments in the inter-bank market.
According to people familiar with the matter, the NAFMII actively stabilizes the confidence in the real estate market, maintains the unimpeded channels for connecting real estate corporate bonds, moderately expands the use of raised funds, encourages priority use in project construction, real estate projects or equity acquisitions of assets, etc. , to ensure stability.
It is reported that from January to May 2022, a total of 68 real estate companies issued debt financing tools of 138.7 billion yuan in the interbank market, of which 6 private housing company issuers issued a total of 9.8 billion yuan of debt financing tools, and the net financing of private housing company bonds remained unchanged. positive value.
In addition, the inter-bank market continues to support core supply chain enterprises and private small and micro enterprises to raise funds through structured products such as asset-backed notes (ABN) and asset-backed commercial papers (ABCP). As of the end of May 2022, ABN has issued a total of nearly 2 trillion yuan, directly or indirectly supporting about 26,000 private small and micro enterprises to achieve financing; ABCP has issued a total of 254.164 billion yuan, supporting core supply chain enterprises and leasing companies to issue ABCP, "with the The “core with small and micro” approach has supported more than 2,900 small and micro enterprises.
The reporter learned that the inter-bank market will continue to optimize and improve the registration and issuance mechanism of debt financing instruments, increase product innovation to meet the needs of private enterprises, and support the high-quality development of the real economy.
(Editor in charge: Ma Xin)
