河南首单5年期CMBS落地！利率2.3％创同类产品市场新低

Core Insights - The issuance of the "Guotai Haitong - Zhongyuan Yuzhi Building Smart Building Commercial Property Asset-Backed Special Plan" by Yuzhi Guarantee Housing Company has successfully completed with a scale of 603 million yuan and a term of 18 years, achieving a record low coupon rate of 2.3% for 5-year CMBS in China [1] Group 1: Issuance Details - The issuance size is 603 million yuan with a term structure of 5+5+5+3 years [1] - The coupon rate of 2.3% marks the lowest in the history of 5-year CMBS in China [1] - The offering was oversubscribed by more than 3.4 times, indicating strong market demand [1] Group 2: Significance and Innovation - This issuance represents the first 5-year CMBS from a provincial state-owned enterprise in the past five years and is also the first of its kind in Henan Province [1] - The innovative cross-regional asset packaging model covers a diverse property portfolio across five provinces and five cities, addressing the challenges of financing for scattered regional assets [1] - The flexible structure of "1 large asset supporting 5 small assets" integrates core assets with multiple smaller properties, unlocking potential value and attracting attention from various investors including banks, insurance companies, trusts, and securities firms [1]