On May 6, ZGC Sci-tech Leasing Co., LTD. successfully issued its first ultra-short-term bonds in 2024. The bonds raised funds of￥400 million, with mature period of 171 days and coupon rate of 2.39%. The principal and interest will be repaid in one lump when due. Minsheng Bank and Bank of Jiangsu served as the major underwriters.

This ultra-short debt is a leasing credit bond for private technology firms and new economic enterprises, helping them further expand financing channels, optimize the structure of assets and liabilities, and effective lower capital costs. ZGC Sci-tech Leasing Company has issued more than 10 asset securitizations products and credit debt products, with a cumulative scale of more than 10 billion yuan. They gave a huge support to the development of sci-tech and new economy enterprises, and played an important role in enabling sci-tech innovation and improving the financing efficiency for enterprises.