Group 1 - The first inter-institutional REITs project in China, backed by thermal power assets, has officially been listed, with an issuance scale of 5.46 billion yuan and an expected cash distribution rate of no less than 8% over a period of approximately 22.1 years [1] - The underlying asset for this special plan is the Xinjiang Guoxin Thermal Power Plant, which leverages a "coal-electricity integration" model to create a stable and sustainable cash flow support system [1] - The funds raised will be directed towards clean energy technology research and development, optimizing financial structure, and providing solid funding support for major strategic projects [1] Group 2 - The ABS market has seen growth this year, with over 2,400 projects issued in 2025, totaling more than 2.31 trillion yuan, a 12.13% increase from 2024 [2] - The issuance of holding-type real estate ABS has surged, with 29 projects issued this year, totaling 53.7 billion yuan, representing an increase of over four times compared to 2024 [2] - The first issuance of wind and hydropower asset holding-type ABS has occurred, indicating a diversification of underlying asset types in the ABS market [3] Group 3 - Holding-type real estate ABS is more flexible than public REITs, with no strict requirements on the underlying asset's industry, operational years, asset size, cash flow stability, or distribution rate, aligning with principles of authenticity, stability, and effective mechanisms [3]
首单火电持有型不动产ABS挂牌 今年ABS发行超2.31万亿
2 1 Shi Ji Jing Ji Bao Dao·2025-12-30 07:23