注资346亿！2025全国首单中小银行专项债落地吉林，支持组建省级农商行

Core Viewpoint - Jilin Province is issuing 26 billion yuan in special bonds to support the development of small and medium-sized banks, with the funds primarily allocated to the newly established Jilin Rural Commercial Bank, marking the first issuance of such bonds in the country for 2025 [1][4]. Group 1: Bond Issuance Details - The special bonds are set to be issued on July 22, with an estimated interest rate of 2.10% and a maturity period of 10 years [1]. - The total planned issuance is 26 billion yuan, which will be fully allocated to Jilin Rural Commercial Bank [3]. - The bonds will have a semi-annual interest payment frequency, with principal repayment structured as equal installments over the last five years [3]. Group 2: Financial Projections and Returns - The total capital of Jilin Rural Commercial Bank is expected to reach 40 billion yuan after the reform [5]. - The projected total income from dividends and equity transfers over ten years is estimated at 597.68 million yuan, which will cover the principal and interest of the bonds [6]. - The equity transfer price is expected to increase from 1.21 yuan per share in 2027 to 1.74 yuan per share by 2035 [6]. Group 3: Governance and Risk Management - Jilin Financial Holding Group will participate in the governance of Jilin Rural Commercial Bank and is responsible for ensuring the bank's focus on agricultural and small enterprise support [7][8]. - The repayment responsibility for the bonds lies with Jilin Financial Holding Group, with provisions for government intervention if necessary [8]. Group 4: Context of Reform - The reform is part of a broader initiative to address the operational pressures faced by local rural credit institutions, with Jilin Province being a pioneer in rural credit reform since 2003 [10][11]. - The establishment of Jilin Rural Commercial Bank is a significant step in the ongoing national reform of rural financial institutions, which aims to enhance capital strength and governance structures [12][14].