NewHeadLine Group successfully issued direct financing tool for wealth management
On November 26, NewHeadLine Group successfully registered and issued direct financing tools for bank wealth management, which was successfully issued in 2016 as the first direct financing tool for wealth management in Lianyungang. The currently issued direct financing tools for wealth management had the registered amount of RMB 0.6 billion with the first issue amount of RMB 0.5 billion for a term of 2 years at the annual interest rate of 6.8%, with Bank of Nanjing as the Lead Manager.
It has been learned that the direct financing tool for wealth management is a standard investment vehicle established by commercial banks as sponsor managers. Banks standardize the wealth management capital investment and reduce the trust, fund, asset management and other channel links, which can effectively reduce the bank wealth management pool funds to be obtained by enterprises. The successful release of direct financing tools for wealth management further broadens the financing channels of NewHeadLine Group and provides solid fund guarantee for the infrastructure construction in Development Zone.