On May 31, China Development Bank (hereinafter referred to as "CDB") issued an additional 8 billion yuan in the national inter-bank bond market to support the "Rural Construction Action" series of specialfinancialbonds for rural revitalization.CITICSecuritiesacted as the underwriter and actively participated in the underwriting of the current bond.
The term of this bond is 5 years, the issuance rate is 2.5803%, the bid multiple is 5.94 times, and the issuance scale is 8 billion yuan. The funds raised are used to support loans in beautiful countryside, rural infrastructure construction and public services.Relying on its own sales advantages, CITIC Securities actively promoted a number of institutions to participate in the subscription and assisted in the successful completion of the issuance of this bond.Following the underwriting of CDB's first issue of rural revitalization thematic financial bonds in 2021, CITIC Securities once again assisted CDB to actively implement the rural revitalization strategy and played a role in guiding the investment of capital market resources into the field of rural revitalization.
Rural construction is an important task in implementing the rural revitalization strategy and an important part of the country's modernization drive.The Fifth Plenary Session of the 19th Central Committee of the Communist Party of China proposed the implementation of rural construction actions, emphasizing that rural construction should be placed in an important position in the socialist modernization drive.Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the "Rural Construction Action Implementation Plan", which clarified the support priorities for rural living environment improvement, rural infrastructure in key areas, and rural public services.CDB earnestly implements the decision-making and deployment on comprehensively promoting rural revitalization, focusing on supporting the development of key areas such as industrial development, follow-up development of relocation, cooperation between east and west, agricultural modernization, and rural infrastructure, giving full play to the role of development finance to support the consolidation and expansion of The achievements in poverty alleviation and the comprehensive promotion of rural revitalization have made positive contributions.
In 2021, China Development Bank will implement the five-year action to improve the rural living environment, take county (regional) waste and sewage treatment as the focus of improving the rural living environment, and vigorously carry out special financial services for "hundreds of counties and 100 billion yuan". More than 150 billion yuan of credit loans were granted, covering more than 200 counties (districts); 146.8 billion yuan of rural infrastructure loans were issued to support the upgrading of rural water, electricity, road, gas, network and other infrastructure, and to help equalize urban and rural public services.
CITIC Securities actively underwrote the bonds issued by China Development Bank, and its underwriting scale has ranked first in the industry for many consecutive years.CITIC Securities stated that in the future, it will continue to actively respond to the central government's decision-making and deployment of rural revitalization, give full play to its professional advantages, and actively contribute to my country's rural revitalization strategy by underwriting and issuing rural revitalization bonds, supporting corporate listings, issuing asset-backed special plans, and rural assistance. contribution to the implementation.
Source: China Securities Journal China Securities Network Author: Ni Wei
