申万宏源证券上海北京西路营业部·2025-12-31 02:24Core Viewpoint - The successful issuance of bonds by Mianyang New Emerging Investment Holding Co., Ltd. reflects the strong professional and sales capabilities of Shenwan Hongyuan Securities, contributing to the support of the real economy and the implementation of national strategies [2] Group 1: Bond Issuance Details - The bond issuance consists of two varieties: the first, guaranteed by Tianfu Credit Enhancement Company, has a rating of AAA, a coupon rate of 2.7%, and a total amount of 400 million yuan with a 5-year term [2] - The second variety, guaranteed by Chongqing Three Gorges Group, also has a rating of AAA, a coupon rate of 2.85%, and a total amount of 250 million yuan with a 5-year term [2] - The first variety of bonds achieved the lowest historical credit bond rate for the issuer, receiving high praise from the issuer [2] Group 2: Strategic Importance - Mianyang, as the second-largest economy in Sichuan and a regional center in the Chengdu-Chongqing city cluster, is recognized as China's only technology city approved for construction by the central government [2] - The successful bond issuance is a significant outcome of Shenwan Hongyuan's strategy of "deepening regional engagement and serving the real economy," laying a solid foundation for expanding quality projects in the Southwest region and deepening cooperation with local issuers [2]