HI SUN TECH (00818.HK): Issues Second Tranche of Asset-Backed Securities with a Size of RMB170 Million
NewTimeSpace News: HI SUN TECH (00818.HK) announced that Ronghui Zhida – Xingyue Phase II Supply Chain Financial Asset-Backed Special Programme (Second Tranche) was formally established on 22 July 2026, with an aggregate issuance size of RMB170 million. The senior asset-backed securities amount to RMB161 million, carrying an AAAsf credit rating with a coupon rate of 2.2%, and scheduled to mature on 30 June 2027.
NewTimeSpace News: On 22 July 2026, HI SUN TECH (00818.HK) issued a voluntary announcement regarding the issuance of the second tranche of asset-backed securities.
As disclosed in the announcement, Ronghui Zhida – Xingyue Phase II Supply Chain Financial Asset-Backed Special Programme (Second Tranche) was officially set up on 22 July 2026 with a total issuance size of RMB170 million. The asset-backed securities are split into senior and subordinated tranches based on risk, return and tenure:Senior asset-backed securities: issuance size of RMB161 million, awarded AAAsf credit rating, coupon rate of 2.2%, expected maturity date on 30 June 2027;Subordinated asset-backed securities: issuance size of RMB90 million, unrated.
The senior asset-backed securities will be listed on the Shanghai Stock Exchange and offered to qualified institutional investors within mainland China. The subordinated asset-backed securities will be subscribed by Ronghui Zhida Factoring or its designated affiliates. During the term of the asset-backed special programme, Ronghui Zhida Factoring shall repurchase any relevant assets that fail to meet eligibility criteria.
The Company stated that proceeds raised from the asset-backed securities will be primarily used as general working capital for the Group’s fintech segment. The issuance helps broaden financing channels, secure low-cost funding and optimise the financing structure.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
Tags：
