申万宏源助力铁建投资集团持有型不动产ABS（机构间REITs）成功发行

Core Viewpoint - The establishment of the "Ping An Securities - China Railway Investment Group Holding Real Estate Asset-Backed Special Plan" marks a significant breakthrough in the field of real estate securitization, showcasing a successful collaboration with a central enterprise and the issuance of a specialized asset-backed security (ABS) for office properties [2][3]. Group 1 - The project, with a total issuance scale of 748 million yuan and a term of approximately 28 years, utilized a market-based pricing mechanism, resulting in a premium issuance that reflects high market recognition of the underlying asset quality and operational management capabilities [2]. - The underlying asset of the special plan is the Zhuhai Railway Construction Building, recognized as a high-quality office property with stable income potential and good market acceptance, providing investors with a long-term and stable investment target [2]. - The successful issuance of this project is a key achievement for the company in deepening cooperation with central enterprises and expanding into the niche market of real estate securitization [3]. Group 2 - The company leveraged its professional service advantages in asset securitization, with collaboration across various departments ensuring the smooth progress of the project and gaining full recognition from the original rights holder and partners [3]. - This first project solidifies the company's strategic layout in the multi-tier REITs and asset securitization market, broadening its service boundaries for real enterprises and demonstrating its comprehensive strength in providing customized financial services for different types of entities and property forms [3]. - The company aims to continue deepening its expertise and strategic layout in asset securitization and multi-tier REITs, expanding cooperation boundaries, enriching its product service system, and focusing on the diverse financing needs of real enterprises [3].