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SSAM under SIG issues its first tranche ultra-short-term bonds in 2018
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On August 6, Shanghai State-Owned Assets Management Co., Ltd. (SSAM), a subsidiary of Shanghai International Group (SIG), successfully issued its first tranche Super Short-term commercial paper(SCP) in 2018, with an issuing scale of 1 billion yuan, a credit rating of AAA/AAA, a term of 90 days, a coupon rate of 2.65%, a marginal ratio of 2.57 and a subscription ratio of 4.33, earning wide recognition from the market. By August 6, 29 SCP had been issued in August, with an average coupon rate of 4.26 percent. Among them, 19 bonds were rated the same as SSAM, with an average coupon rate of 3.63 percent.
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