The Beijing Science Park Development (Group) (BSD) ? Innovative Trust Beneficiary Right Asset Support Special Project was successfully issued at the China Securities Inter-Agency Quotation System on 27 October. This amount of Asset-Backed Security (ABS) was based on the trust beneficiary property rights held by four Science Parks – Jiaxing, Wuxi, Qingdao and Changchun. The cash flow will be supported by future rental income of the property management. The duration of the issued securities is 15 years. Repayment period is set to be every three years. CCXI rating of the securities is AA+.
The successful issuance was an important achievement of the implementation of science real estate asset management model, signifying BSD has realized a historical breakthrough in real estate rent securitization and stays in the leading position in industry asset securitization.