Wuxi issue 8.5 billion enterprise bond innovation high

Shanghai, South Jiangsu Channel June 19: Wuxi NDRC yesterday, Wuxi Transport Group Co., Ltd. 2 billion yuan corporate bonds recently approved by the National Development and Reform Commission, which is this year, the city after the 1 billion yuan, Huaxi group 2 billion, the new area of the company 800 million yuan after the fourth company issued Bond Enterprises.　　In addition, last year's Red Bean Group, the municipal public sector industry group, Wuxi, a total of 6 enterprises were allowed to issue corporate bonds, the amount reached 8.5 billion yuan, the number of enterprises and scale to create Wuxi record high, and walk in the forefront of the province. As the main channel of direct financing, the large-scale issuance of bonds will further widen the financing channels of enterprises. In addition, bond financing has the advantages of longer term and lower interest rate, which is helpful to strengthen regional city function, promote industrial optimization and upgrade, and improve people's environment. Analysis of the capital use of Wuxi bond issuing enterprises can be seen in the country for industrial upgrading and support for people's livelihood protection projects, focusing on major industrial projects, infrastructure, environmental projects to improve the three areas, involving steel, textiles, transportation, environmental protection and other categories. It is understood that this year Wuxi enterprises for the approval of bonds up to 11 billion yuan scale, there are Wuxi City investment company 1.2 billion yuan, Jiangyin City investment company 2.5 billion yuan, Yixing City investment company 1.5 billion yuan three enterprises in line 5.2 billion bonds waiting.