On June 10, the first phase of green debt financing plan (high-growth debt) of Beijing Yangde Environmental Science and Technology co., Ltd. in 2021 was issued successfully, with an amount of 30 million yuan and a term of 36 months. ZGC Sci-tech Guarantee acted as its guarantee as well as financing and financial advisor.

This is the first debt financing project for high-growth enterprises launched by Beijing Financial Asset Exchange (BFAX) in China. As one of the few double-labeled direct financing products in the market, it is also the first product jointly issued by ZGC Sci-tech Guarantee since it obtained the deputy principal underwriting qualification from BFAX.

At the beginning of 2021, BFAX released a high-growth debt financing project to precisely support tech innovation enterprises with core technology, prominent competitiveness and bright prospect, and set up special green channels for quick filing services.

Hengfeng Bank, the principal underwriter of this offering, has been working closely with ZGC Sci-tech Guarantee, playing an important role in landing the first product. 

At the beginning of 2021, BFAX released a high-growth debt financing project to precisely support tech innovation enterprises with core technology, prominent competitiveness and bright prospect, and set up special green channels for quick filing services.

Hengfeng Bank, the principal underwriter of this offering, has been working closely with ZGC Sci-tech Guarantee, playing an important role in landing the first product. 

Particularly in the last stage, ZGC Sci-tech Guarantee completed the verification of “high-growth” qualification in only two working days under the strong support of BFAX.

That is a reflection of the firm’s original goal, i.e. providing comprehensive financial services of “guarantee + issuance” and offering clients with convenient, efficient, and direct financing channels by putting itself in the shoes of enterprises. 

As the first “high-growth” green debt financing plan in China, Yangde Environment Project has a distinctive theme and demonstration effect. Since 2015, Yangde Environment has seen significant increase in its total assets, net assets, sales income and net profit, with the number of gas power stations rising from 2 in 2013 to over 50 now and the annual carbon emission reduction exceeding 4 million tons.

Yangde Environment therefore meets BFAX’s requirements for “green” and “high growth” debt financing projects in terms of energy conservation and emission reduction as well as enterprise growth.