申万宏源助力云南锡业集团5亿元科技创新中期票据成功发行

Core Viewpoint - The successful issuance of the "Yunnan Tin Industry Group (Holding) Co., Ltd. 2025 First Phase Technology Innovation Medium-Term Notes" marks a significant milestone for Yunnan Province's bond market, establishing a new benchmark for technology board bonds [1][2]. Group 1 - The bond issuance totaled 500 million yuan with a maturity of 3 years and a coupon rate of 2.28%, making it the first successful technology board bond in Yunnan Province [1]. - The issuance aligns with the Yunnan Provincial State-owned Assets Supervision and Administration Commission's policy to encourage state-owned enterprises to issue technology innovation bonds to promote industrial upgrades [1]. - Yunnan Tin, as a state-owned enterprise with a 141-year history, leads in technological innovation within the non-ferrous metal industry and has the most complete tin industry chain globally, maintaining the highest tin metal production and sales for several consecutive years [1]. Group 2 - The successful bond issuance demonstrates Shenwan Hongyuan Securities' expertise in developing and pricing industrial bonds, achieving an oversubscription of more than 3 times, which reflects strong market recognition [2]. - The partnership between Shenwan Hongyuan Securities and Yunnan Tin has been further solidified through this issuance, with plans for continued innovation in technology financial services to support the development of new productive forces and breakthroughs in key material technologies [2].