New Issue Commentary — Zouping Finance International Co., Ltd.
Dealer commentary on this issuer’s latest new issue, summarised.
Zouping Finance International Co., Ltd. successfully priced its CNY 300 million 3year senior unsecured bonds, guaranteed by Zouping Financial Development Group Co., Ltd. with an SBLC provided by Qilu Bank Co., Ltd. Market reception drove pricing down from the initial price guidance of the 2.50% area to a final yield of 2.40%. The notes are scheduled to settle on November 6, 2026, with listing on the Chongwa (Macao) Financial Asset Exchange Co., Ltd.
| Tranche | Tenor | Coupon | Ccy | Size | Rank | Maturity |
|---|---|---|---|---|---|---|
| Zouping Financial Development Group CNY 3Y Reg S Bonds | 3 Years | 2.40% | CNY | CNY 300 million | Senior Unsecured | 2029-11-06 |