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Well-known economist Song Qinghui stressed that small and medium-sized banks need to replenish capital and consolidate the ability to support the real economy. The market-oriented method of issuing local special bonds to inject capital into small and medium-sized banks will help solve the risks of small and medium-sized banks.
Guangdong to issue 10 billion yuan of special bonds for small and medium-sized banks for the first time to inject capital next week
Chen Yanqing, Duchuang / Shenzhen Commercial Daily reporter
ChinaBond.com’s issuance information shows Guangdong Province to issue 10 billion yuan of special bonds to support the development of small and medium-sized banks on December 7. This bond is a new special bond in support of Puning Rural Commercial Bank, Jiedong Rural Commercial Bank and Luoding Rural Commercial Bank. And the additional capital of Yunan County Rural Credit Cooperatives. This is the first time that a local government has disclosed information on special bonds issued to supplement the capital of small and medium-sized banks.
The bond amount of this issue is 10 billion yuan, the maturity is 10 years, the interest payment frequency is six months, the interest payment date is June 8 and December 8 (postponed on holidays) and the repayment method is the sixth of the duration. -10 years to repay the principal at 20% of the issuance scale each year.
The funds for the repayment of the current period debt come from dividends, credit recovery or income from ownership trust operations and capital transfers.
This bond issue is financed by Guangdong Yuecai Investment Holding Co., Ltd. as the main body of the capital and stock operation of Yunan Rural Credit Co., Puning Rural Commercial Bank, Jiedong Rural Commercial Bank and Luoding Rural Commercial Bank through indirect actions . The share capital is 4 billion yuan and 3.7 billion yuan respectively. Yuan, 1.4 billion yuan, 900 million yuan.
Guangdong to issue 10 billion yuan of special bonds for small and medium-sized banks for the first time to inject capital next week
Shanghai New Century credit rating gave the bond a AAA rating The rating report stated that the current bond debt income, agreed expenses and principal and interest payments are included in the management of the Fund’s balance sheet. Guangdong provincial government.
Up to now, Shanxi, Shaanxi, Zhejiang and other provinces have disclosed special bond plans to replenish bank capital, with amounts of 15.3 billion yuan, 4.6 billion yuan and 5 billion yuan respectively, with a maturity of 10 years. Among them, Shanxi is issued in mid-December and Zhejiang is issued in mid-to late December.
In early July this year, the State Council executive meeting pointed out that a certain amount will be placed in this year’s new local government special debt limit, allowing local governments to explore new ways to rationally integrate the capital of small and medium-sized banks by subscribing to convertible bonds. Subsequently, Liu Rong, deputy director of the City Banking Department of the China Banking and Insurance Regulatory Commission, once said that the new local government special debt limit was 200 billion yuan to support small and medium-sized banks in 18 regions. . The provincial government is responsible for formulating specific plans. On average, each province is about 11.1 billion yuan. .
On November 18, the Ministry of Finance said it had issued, with the approval of the State Council, a new special bond quota of 200 billion yuan to support the risk mitigation of local small and medium-sized banks, and the they were all issued by region. At present, four commercial banks, Bank of Wenzhou, Bank of Wuhai, Guangxi Beibu Gulf Bank and Bank of Inner Mongolia, have communicated their plans to apply for capital integration with local special bonds.
Song Qinghui
Well-known economist Song Qinghui stressed that small and medium-sized banks need to replenish capital and consolidate the ability to support the real economy. The market-based method of issuing local special bonds to inject capital into small and medium-sized banks will help solve the risks of small and medium-sized banks. Original title: Guangdong to issue 10 billion yuan of special bonds for the first time next week. small and medium-sized banks to inject capital
Review: Sun Shijian
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