申万宏源证券上海北京西路营业部·2025-12-26 02:28Core Viewpoint - The successful issuance of the first medium-term notes by Meishan Investment Holding Group Co., Ltd. marks a significant achievement, with the bond's interest rate being the lowest in the history of Meishan and the lowest among similar-rated bonds in Southwest China [2] Group 1: Bond Issuance Details - The bond issuance scale is 760 million yuan, with a term of 3+2 years and a coupon rate of 2.05% [2] - This issuance sets a record for the lowest bond cost in Meishan's history [2] - The issuer holds a credit rating of AAA with a stable outlook [2] Group 2: Company Background - Meishan Investment Holding Group Co., Ltd. was established in November 2024 with a registered capital of 5 billion yuan [2] - The company is a state-owned enterprise approved by the Meishan municipal government, focusing on five main business sectors: industrial investment and operation, real estate and construction, culture and tourism, non-ferrous metal manufacturing, and financial services [2] Group 3: Future Prospects - The successful bond issuance is expected to enhance the collaboration between Shenwan Hongyuan and the issuer, increasing brand recognition and competitive strength in Meishan's bond market [2] - Shenwan Hongyuan aims to leverage its professional capabilities and efficient communication to expand cooperation with the issuer's affiliated companies and establish a solid foundation for future projects in Meishan [2]