Ji'nan elegant residential Shandong first approved the issuance of private debt public rental projects
source: Chao Ming Chun
1 billion 250 million yuan financing for Ji'nan Qing Dynasty house public rental housing project: 12 billion 989 million yuan reporter for the city plan application line today (22 days) from Ji'nan housing security and real estate administration, Ji'nan city is the first Shandong province to become the first Shandong Province The public rental housing project approved to issue private debt, the first issue of private debt is 1 billion 250 million yuan. From then on, the construction of affordable housing in our province has added a new financing channel.
it is understood that a total of 12 and 6014 public rental housing projects in Ji'nan are built, with a total building area of 370 thousand square meters. The total investment of the project is 2 billion 152 million yuan, which has already been in place for 886 million yuan, and it also needs to raise funds for 1 billion 250 million yuan. After consulting the provincial government, the project was approved to raise funds by issuing private debt. The main body of the issue is Ji'nan Xiaoqing River development and Construction Investment Co., Ltd., the underwriter is Shandong branch of China Co truction Bank Corp, with an amount of 1 billion 250 million yuan. All the funds will be used for the subsequent construction of the main projects of the public rental housing projects and the construction of supporting infrastructure such as surrounding roads and greening.
affordable housing is an important livelihood project, but the nature of public interest restricts its financing capacity. Private debt, as an innovative way of financing, is a debt financing tool that is issued to a specific investor and is limited to a negotiated transfer within the scope of a specific investor. The approval procedures for
private debt are simpler than traditional financing channels, and the cost of financing is lower than that of bank loans. For the issuer, private debt and other debt financing tools have the characteristics of large amount, low cost, low use limit, flexible term and so on. Therefore, it is also welcomed by the housing construction enterprises.
it is understood that, including this elegant residential project private debt, Ji'nan plans to apply for public rental housing projects to apply for private debt total amount of 12 billion 989 million yuan.