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Double Breakthrough! Successful Issuance of the First Medium-Term Note of 2025 by Wuqing Development Area
Record Low
Double Breakthrough
On February 12th, the first medium-term note of 2025 by Tianjin Wuqing Economic-Technological Development Area Co., Ltd. was successfully issued. The issuance scale was 500 million yuan, with a term of 3 years and an issuance rate of 2.67%. The subscription multiple was 3.8 times, and the rating was AA+. This issuance set a new low for the issuer's medium-term note interest rate and established a new record low for the same-term variety among AA+ rated district-owned state-owned enterprises in Tianjin's history. With this "double breakthrough," it achieved a "strong start" for the new year.
"This is the first 3-year medium-term note issuance by Wuqing Development Area at the beginning of 2025, marking an important step in the park's continuous optimization of its debt structure and reduction of financing costs," said a relevant official from Wuqing Development Area. The successful issuance of this medium-term note not only demonstrates the capital market's high recognition of the park's operational status, credit quality, and development prospects but also releases a positive signal of steady and improving regional economic conditions.
In the future, Wuqing Development Area will closely align with Tianjin's "Ten Actions for High-Quality Development" and the Wuqing District Committee's "3+1+1" work strategy. It will focus on central tasks such as the "Three New Initiatives" and the "Three Quantities" to precisely exert efforts, further promote innovation in park operation models, the agglomeration of advantageous industries, and the upgrading of enterprise services, continuously unleashing new momentum for high-quality development.
Source：China Tianjin Wuqing Development Area
Release Time：2025-02-13 16:33:00
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