On March 8, Red Lion Holding Group Co., Ltd. successfully issued 500 million yuan of medium-term notes (Kechuang Notes) in 2024, with an interest rate of 3.45%. Private enterprise bond financing support tools provide support for this issue, creating a protection certificate scale of 80 million yuan, helping issuers to re-issue three-year bonds without resale options after 549 days, while maintaining low financing costs, further optimizing the debt matur ity structure. The protection certificate created this time has attracted great attention from investors, attracting 15 institutions to participate in the bidding, with a subscription multiple of 4.47 times. The funds raised by the current Kechuang Notes will be used to replace the interest-bearing debts of the subsidiaries of Red Lion Holdings, all of which are engaged in cement production and are high-tech enterprises recognized by the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation. The successful issuance of this ticket will help enterprises to innovate in science and technology and promote high-quality development of enterprises.
It is reported that Red Lion Holdings, whose main business covers cement, polysilicon production and sales, and solid waste treatment, is a leading cement producer in China, ranking 348th among the top 500 private enterprises in China in 2023. In recent years, based on the main business of cement, Red Lion Holdings has accelerated the pace of going to sea, and has invested in several cement projects in Indonesia, Laos, Nepal and other countries along the "Belt and Road"; at the same time, it has seized the opportunity to control the Asian silicon industry and entered the polysilicon industry, and the dual business pattern of "cement + polysilicon" has initially taken shape. Red Lion Holdings focuses on the accumulation of R & D investment and innovation advantages, ranking among the top 100 private enterprises in Zhejiang, and has obtained 380 patents related to cement and clinker . In November
2023, the People's Bank of China and other eight ministries and commissions jointly issued the Notice on Strengthening Financial Support Measures to Promote the Development and Growth of Private Economy, proposing that the role of bond financing support tools for private enterprises should be brought into full play, and that market-oriented institutions should be encouraged to promote the development of private enterprises in accordance with the principles of marketization and legalization. It supports private enterprises to issue bonds and finance by guaranteeing credit enhancement, creating credit risk mitigation tools and direct investment.
