Yixin Group successfully issued the third asset securitization product of the year, with a scale of over 700 million yuan

On November 27, the “2020 Yixin Leasing Phase II Asset Support Special Plan” with Yixin Group as the original shareholder was successfully issued on the Shanghai Stock Exchange. The single ABS has Shen Wan Hongyuan as the lead underwriter, and Societe Generale Securities as the plan manager and co-lead underwriter, with an issuance scale of 753.8 billion dollars. Up to now, including this offering, Yi Xin has publicly issued 26 orders for standardized ABS and ABN products in the Chinese asset securitization market, with a total scale of over 36 billion yuan.

The ABS issued this time is Yi Xin's third single asset securitization product launched during the year. In April of this year, when the Chinese automobile market was affected by the epidemic and the overall industry was under pressure, Yi Xin successfully issued about 1.1 billion yuan of ABS. Since then, the 1.2 billion ABN products issued by Yi Xin in August have been actively subscribed by institutional investors, and overseas investors have been introduced for the first time. Now, after a lapse of three months, another ABS product has been successfully released. Some industry insiders believe that the uncertainty in the automotive industry environment this year has made the capital market more cautious in choosing partners in related industries. In this context, Yi Xin, who has always adhered to a steady management strategy, was able to successfully issue three asset securitization products during the year, indicating that its good asset quality and excellent risk control and management capabilities have been recognized. It also shows that the capital market is optimistic about the long-term healthy and sustainable development of the auto finance industry.

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