On October 21, ZGC Sci-tech Leasing Co., LTD., a subsidiary of ZGC Development Group, successfully issued the first phase of medium-term notes in 2024, with an amount of 500 million yuan, a term of 3 years, annual interest, and a one-time repayment of the principal at maturity.

This issuance was the first time that ZGC Sci-tech Leasing had issued long-term credit bonds in the open market, and these notes were also the longest bonds issued in its history. For ZGC Sci-tech Leasing, it is not only a major breakthrough in the credit bond market, but also an important innovation in bond issuance.

The underwriting was led by China Securities, with CITIC Securities, CITIC Bank, Bohai Bank, Bank of Beijing, Bank of Jiangsu, and Bank of Hangzhou co-underwriting.