Shaanxi coal group successfully issued 5 billion non-public corporate bonds

On October 14, Shaanxi coal chemical industry group Co., Ltd. (hereinafter referred to as "Shaanxi coal group") successfully issued corporate bonds (the first phase) in 2019, with an issuing scale of 5 billion yuan and a nominal interest rate of 3.98%, creating the lowest issuing interest rate of corporate bonds issued by Shaanxi coal group and the lowest issuing interest rate of corporate bonds issued by the same industry in history. Under the high-quality service of the lead underwriter, Kaiyuan securities, Shaanxi coal group obtained the approval of the Shanghai Stock Exchange bond optimization financing supervision letter, and completed the first issue of 5 billion yuan in 2019 within one month. The successful acquisition and initial issue of the optimized financing supervision letter show the remarkable position of Shaanxi coal group in the industry, steady financial operation and long-term stable high-quality credit, and also prove the growing underwriting strength of open-source securities in the bond market. In the first half of 2019, credit risk exposure accelerated. With the deepening of strong supervision, liquidity continued to be tight. In the face of the weakness of the bond market, the fixed income headquarters of open-source securities held sales meetings for many times to guide the sales staff to carry out inquiry and recommendation, and timely coordinate and solve the difficult needs in the sales process. Finally, relying on the strong sales strength, pricing ability and brand effect, the issue of the bonds against the trend realized oversubscribing. The nominal interest rate was the lowest issue rate of corporate bonds issued by non-public companies in the same industry in history, which was 16.21% lower than the benchmark interest rate of RMB medium-term loan (4.75%) in the same period, effectively reducing the medium-term financing cost of Shaanxi coal group. The successful issuance of this bond has made another important breakthrough in the field of bond sales of open-source securities. It has demonstrated the market influence of the strong combination of Shaanxi coal group and open-source securities. Its brand effect has been recognized by the market, improved its popularity in the capital market, opened the direct financing channel of Shaanxi coal group, and provided sufficient capital guarantee for the sound operation and development of its various sectors. It provides a stronger impetus for the transformation and upgrading of Shaanxi coal group.