REDD: it is said that three private real estate companies, Country Garden Holdings, Longhu and Midea, have been selected as model housing enterprises by regulators and will issue RMB bonds one after another this week.

In order to attract investors, the creators will also issue credit protection tools, including credit default swaps (CDS) or credit risk mitigation vouchers (CRMW), to help private real estate developers gradually restore the financing function of the public market, according to REDD. In this regard, Country Garden Holdings, Midea's real estate, Longhu three real estate enterprises all said that the above news is true.

In January, Country Garden Holdings issued 4.95 per cent mortgage-backed convertible bonds maturing in 2026 to refinance existing medium-and long-term foreign debt maturing within a year. At the same time, Country Garden Holdings became the first private enterprise to successfully issue asset-backed securities (ABS) this year. The ABS project invested in Huiyu-Hongji factoring supply chain Finance No. 1 asset support special program with an issue size of 520 million yuan and a coupon rate of 5.3%.