Core Viewpoint - Ant Consumer Finance has issued its first financial bond since its establishment, with a fixed interest rate of 1.9% and a total scale of 2 billion yuan [1][2][3]. Group 1: Financial Bond Issuance - The bond issuance is a 3-year term with a total scale of 20 billion yuan, marking the company's first financial bond since its establishment four years ago [2][4]. - The issuance period was from August 4 to August 6, with a subscription range for the bond's interest rate set between 1.70% and 2.40% [2][3]. - The bond was issued under the approval of the People's Bank of China, which granted a quota of 15 billion yuan for bond issuance, valid until July 3, 2027 [2][3]. Group 2: Purpose and Market Response - The primary purpose of the bond issuance is to enhance financial support for boosting consumption, in line with national and regulatory encouragement for consumer finance companies to diversify their financing channels [3][7]. - The bond received a subscription multiple of 3.8 times, indicating strong market interest, and the pricing was lower than the average yield of 2.04% for similar bonds issued in the past week [3][4]. Group 3: Company Background and Financial Performance - Ant Consumer Finance, established in June 2021 with a registered capital of 23 billion yuan, is one of the largest licensed consumer finance companies in China, primarily handling services like "Huabei" and "Jiebei" under Ant Group [4][5]. - The company's total assets were reported at 106.23 billion yuan, 239.67 billion yuan, and 313.75 billion yuan for the years ending 2022, 2023, and 2024, respectively [4]. - Revenue figures for the same periods were 4.15 billion yuan, 8.63 billion yuan, and 15.21 billion yuan, with net profits of 841 million yuan, 152 million yuan, and 305 million yuan [4]. Group 4: Industry Context - The consumer finance sector has seen a surge in bond issuances this year, with eight companies collectively raising 16.1 billion yuan through 13 bond issues [4][5]. - The average issuance rate for consumer finance bonds has dropped below 2.5% in 2024, providing a cost advantage over other financing methods [6][7]. - Policy support from the central bank and other departments has been crucial in facilitating these financing activities, encouraging consumer finance companies to issue bonds to expand their funding sources [7].
蚂蚁消金 首次发债！
Zhong Guo Ji Jin Bao·2025-08-05 13:59