m88 casino review Group’s issuance of 2 billion corporate bonds was approved by the National Development and Reform Commission

m88 casino review Group’s issuance of 2 billion corporate bonds was approved by the National Development and Reform Commission

All used for affordable housing m88 casino review Higher credit rating

A few days ago，m88 casino review Group’s application for approval to issue 2 billion yuan of corporate bonds was approved by the National Development and Reform Commission，will be listed and issued through securities underwriters in the near future，All funds raised will be used by m88 casino review Group in the north of Jiading City, Shanghai、Jiang Qiao、Large residential communities in Nanxiang and other places、Development and construction of affordable housing and shantytown renovation projects。As a non-listed company, m88 casino review Group was approved by the National Development and Reform Commission in a relatively short period of time、Both the corporate entity and bond credit ratings were rated AA+，It fully shows that m88 casino review Group has reached a high level in terms of information transparency and publicity and is gradually approaching the requirements of listed companies，It also reflects the National Development and Reform Commission’s recognition of the good development trend of m88 casino review Group and its full trust in the credibility of m88 casino review Enterprises。This move is also m88 casino review Group’s active response to the central government’s call，Another important measure to fully devote ourselves to the reconstruction of shantytowns and the construction of affordable housing。

The current corporate bonds of m88 casino review Group are 6-year fixed-rate bonds，The scale of bond issuance shall not exceed 2 billion yuan，Adopt simple interest annual interest calculation method，The coupon rate of the bond is initially determined to be no more than the benchmark interest rate plus the basic spread 1.80%。This bond is a real-name accounting corporate bond，Adopt bookkeeping、Method of centralized placement，The lead underwriters are Haitong Securities and Guotai Junan Securities，Will be publicly issued to domestic institutional investors through the issuance outlets set up by the members of the underwriting syndicate，And register for custody in the first-level custody account opened by China Government Bond Depository and Clearing Co., Ltd.。m88 casino review Group will strictly follow the relevant regulations of the National Development and Reform Commission，Implement debt repayment plan and safeguard measures，Improve the efficiency of fund use，Effectively prevent debt repayment risks。

All funds raised this time will be used for m88 casino review Group’s construction in the north of Jiading City, Shanghai、Jiang Qiao、Nanxiang and other large residential communities、Development and construction of affordable housing and shantytown renovation projects，Provides a solid financial guarantee for the smooth progress of the project。The total construction area of ​​the above projects exceeds 1.3 million square meters，m88 casino review Group will make full use of its rich development and operation experience and extensive domestic and foreign cooperation resources，Strive for construction speed、Continues to lead the construction of affordable housing in Shanghai in terms of project quality。

m88 casino review Group is a very large state-owned enterprise group，Always actively implement the central government’s and Shanghai’s policies on protecting people’s livelihood、Requirements to promote harmony，Full commitment to the construction of affordable housing in Shanghai and across the country。Initiated the construction of large-scale residential community Jiangqiao Base in Shanghai、Economic Housing Nanxiang Base、Changxing Island supporting commercial housing、Jiading North Station large-scale residential community and other projects，Total construction area of ​​nearly 2 million square meters，In Xi'an、Jinan、Wuhan、Wuhu and other provinces and cities participate in large-scale affordable housing construction and old city renovation projects，The total construction area exceeds 2.3 million square meters。m88 casino review Group is participating in the construction of affordable housing，Actively embody people-oriented approach、Green Ecology、Basic concept of sustainable development，Some of the affordable housing invested and constructed have won the national “Guangsha Award”、“National Insufficient Housing Project Construction Labor Competition Excellent Engineering Project” and the country’s first “Green Building Label One-Star” and other honors。Next step，m88 casino review Group will actively respond to the central government’s call，Further involvement in shanty town reconstruction、Indemnity housing construction and other livelihood projects，To promote the new people-centered urbanization construction，Continuously make new and greater contributions to promoting economic development and improving people’s livelihood。