Meijiang Holdings successfully issues Meizhou's first low-carbon transition-linked corporate bond.

This article is reprinted from Meizhou Daily

Meijiang Holdings Successfully Issued Meizhou’s First Low-Carbon Transition-Linked Corporate Bonds

Issuance size: 300 million yuan, coupon rate: 2.3%

| Our newspaper report (Reporter Zhang Yingna, Special Correspondent Zhong Ge, Chen Qibing, Chen Hong) Recently, Guangdong Meijiang Holdings Group Co., Ltd. (hereinafter referred to as “Meijiang Holdings”) successfully issued its 2026 non-public low-carbon transition-linked corporate bonds targeted at professional investors. The bond issuance totaled 300 million yuan, with a 5-year term and a coupon rate of 2.3%. The subscription multiple reached 3.6 times, setting a record for the lowest interest rate among county-level state-owned enterprises in eastern Guangdong and northern Guangdong regions for bonds of the same maturity and credit rating. As the first “low-carbon transition-linked” bond in eastern and northern Guangdong, this issuance innovatively ties bond terms to performance indicators such as the future completion of public charging stations by Meijiang Holdings. The funds are mainly allocated to key areas like new energy and infrastructure construction, supporting projects such as charging station development and integrated logistics park projects. “Meijiang Holdings actively fulfills its responsibilities as a state-owned enterprise, proactively undertakes social responsibilities, and uses bond issuance to broaden long-term, low-cost financing channels, optimize debt structure, and provide stable funding for long-cycle, large-investment projects,” said Zhu Rongji, Vice General Manager of Guangdong Meijiang Holdings Group. The bonds feature a structured design linking bond terms to project completion and operational performance, which not only enhances the constraints on fund use and improves efficiency but also signals prudent management and responsible investment to the capital market, further enhancing market-oriented financing capabilities and corporate credit levels. The issuance was efficiently completed within nine months, covering project planning and initiation, asset inventory, state-owned enterprise integration, auditing, rating, approval, and issuance processes. The interest rate set a new low for exchange-traded credit bonds issued in Meizhou and for bonds of the same maturity and full credit rating issued by county-level state-owned enterprises in eastern and northern Guangdong. The 3.6 times subscription rate also reflects strong market recognition. This successful bond issuance marks Meijiang Holdings’ debut in the public market, representing an important step in implementing the provincial and municipal “Hundred-Thousand-Ten Thousand Project” deployment, further deepening the reform of investment and financing systems for county-level state-owned enterprises, and exploring diversified channels involving government, banks, enterprises, bonds, and funds. It lays a solid foundation for enhancing the market-oriented financing ability of state-owned enterprises and serving high-quality regional development. As a key reform practice, Meijiang Holdings has gradually strengthened its asset base through asset integration and structural optimization, forming a modern state-owned enterprise group with coordinated development across industrial, new energy, construction, and food sectors. The funds raised from this bond issuance will focus on advancing projects in critical areas such as new energy and infrastructure to address shortfalls, serving as both vital livelihood projects and industrial foundation projects, effectively supporting manufacturing, commerce, and logistics industries. Once completed, these projects will significantly reduce production and logistics costs for enterprises, enhance regional industrial support capacity and overall competitiveness, and provide a solid foundation for high-quality regional economic development. They will also attract related enterprises, promote key industries to extend, supplement, and strengthen their supply chains, and cultivate new economic growth points.