Three private enterprises have successfully issued lottery tickets! Taking measures from multiple regions to alleviate the difficulties faced by real estate companies

Recently, the central and local support policies for real estate enterprises have accelerated their implementation.

On August 23rd, private real estate company Jinhui Group successfully issued 800 million yuan medium-term notes.

According to Securities Times reporters, this is the third private real estate enterprise to successfully issue medium notes since August. Previously, Midea Real Estate and Zhongjun Group also issued medium notes worth 920 million yuan and 700 million yuan respectively. These three real estate companies have a total issuance scale of 2.42 billion yuan.

According to insiders, Longfor Group will also issue medium-term notes with no more than 1.1 billion yuan guaranteed by China Bond in the near future.

On the same day, according to media reports, Harbin has established an Urban Relief and Development Investment Center to promote the acquisition of overdue real estate delivery projects.

On August 21st, Fujian Province proposed to implement a credit incentive mechanism for enterprises with credit ratings of AAA or AA, reduce pre-sale thresholds and key pre-sale supervision fund amounts, and strengthen financing support.

Three private enterprises issued 2.42 billion yuan worth of lottery tickets

The support for the "second arrow" policy is accelerating its implementation.

On August 23, 2023, Jinhui Group successfully issued the first phase of medium-term notes, with an issuance scale of 800 million yuan, a issuance period of 3 years, and an issuance interest rate of 4%. The funds raised were mainly used for the construction of the Baojiao Building project and the repayment of overseas bonds.

It is reported that the medium-term note issued by Jinhui is fully guaranteed and enhanced by China Bond Credit Promotion Company, which is also the second time Jinhui has used the "second arrow" to issue bonds.

On August 14th, Midea Property successfully issued the second and third green medium-term notes for the year 2023. The second issue of medium-term notes has a scale of 500 million yuan and a coupon rate of 4.7%; The issuance scale of the third phase of green medium notes is 420 million yuan, with a coupon rate of 4.90%. The total issuance scale of the two phases is 920 million yuan. Among them, the third installment of medium-term notes was fully covered by the bank's risk mitigation certificate.

On August 3rd, Zhongjun Group successfully issued the second phase of medium-term notes for the year 2023, with an issuance scale of 700 million yuan, a term of 3 years, and an issuance interest rate of 4.28%. Zhongjun Group also provided full, unconditional, and irrevocable joint and several liability guarantee once again.

According to insiders, Longfor Group will also issue medium-term notes with no more than 1.1 billion yuan guaranteed by China Bond in the near future.

It is understood that since the extension and expansion of the "second arrow" policy to private real estate enterprises in November 2022, the central bank has continued to increase its efforts to benefit more private enterprise entities. Up to now, 18 private enterprises have been supported in issuing 31.468 billion yuan of debt financing tools, which has played a positive role in boosting market confidence, reversing market expectations, alleviating credit contraction of private enterprises, and repairing financing channels for private enterprise bonds.

Harbin promotes mergers and acquisitions of overdue delivery projects

On August 23rd, according to the Leading News · Life Daily, the Harbin Housing and Urban Rural Development Bureau, along with relevant departments such as the Harbin Finance Bureau and Transportation Bureau, went to Harbin Urban Development Investment Group to listen face-to-face to demands, conduct pulse consultations, clear bottlenecks, difficulties, and help enterprises solve problems on site.

It is understood that Urban Development Investment Group is a newly established super large state-owned enterprise group in Harbin that provides urban investment, construction, operation and service throughout the entire industry chain. This year, it undertakes a large share of the renovation tasks for old residential areas in Harbin, and the renovation funds have been gradually disbursed.

The Harbin Housing and Construction Bureau stated that the work of "ensuring the delivery of buildings" is related to the vital interests of the people. Currently, Harbin has established an urban relief and development investment center to promote the acquisition of real estate projects with overdue delivery. As a partner of the Poverty Alleviation and Development Investment Center, Urban Development Investment Group should regard "Baojiao Building" as an important livelihood project, carefully study countermeasures, improve solutions, and actively activate resources.

Fujian Province strengthens financing support for high-quality real estate enterprises

On August 21, Fujian Province issued the "Fujian Province Real Estate Development Enterprise Credit Evaluation Management Measures", which will be implemented from September 1, 2023.

The Measures propose that the credit rating of real estate development enterprises is divided into 5 levels based on their credit evaluation scores, with a maximum score of 100 points. Among them, AAA level is an evaluation score of 90 points or above, AA level is an evaluation score of 80 points or above but less than 90 points, A level is an evaluation score of 70 points or above but less than 80 points, B level is an evaluation score of 60 points or above but less than 70 points, and C level is an evaluation score of 60 points or less.

According to calculations, new real estate enterprises with no negative records can obtain an A-level rating. Encourage enterprises to actively participate in the sale of existing houses and land transfer, and stipulate that real estate enterprises developing a sales project for existing houses will receive a credit score increase of 5 points. For serious misconduct such as misappropriation of pre-sale regulatory funds, the credit rating of real estate development enterprises is directly recognized as Grade C.

The credit evaluation results are linked to policy preferential support, pre-sale permits for commercial housing, pre-sale fund supervision, and other matters, and classified management is implemented as an important basis for enterprise credit incentives and penalties.

For enterprises with a credit rating of AAA or AA, a credit incentive mechanism will be implemented to lower the pre-sale threshold and key pre-sale regulatory funds, and be included in the industry's "whitelist" management. Financial regulatory departments will be connected to strengthen financing support. Encourage cities to explore other incentive measures in areas such as the deadline for paying land transfer fees, conditions for obtaining construction permits, and acceptance of property zoning.