It was announced on February 16 that according to the offline inquiry results from professional investors and through consultation between the company and the lead underwriter, the coupon rate of ” Jinke Property Group Co.Ltd(000656) 2022 public issuance of corporate bonds to professional investors (phase I)” was finally determined to be 8%.
It is reported that the issuance scale of “22 Jinke 01” (bond Code: 149803) is no more than 1.5 billion yuan (including), and the term is 4 years (with the issuer’s option to adjust the coupon rate and the bondholder’s option to sell back at the end of the second year). The funds raised by the bonds are intended to repay the principal and interest of “20 Jinke 01”.
According to the comprehensive evaluation of China credit rating, Jinke Property Group Co.Ltd(000656) long-term entity is rated AAA, and the current bond is rated AAA, with a stable rating outlook. By the end of September 2021, the net assets of the company were 78.481 billion yuan, the asset liability ratio of the consolidated financial statements was 80.10%, and the asset liability ratio of the parent company was 83.19%; The average annual distributable profit realized in the last three fiscal years (2018-2020) is 5.531 billion yuan, which is not less than 1.5 times the one-year interest of the current bond.
