Poly Development's green asset-backed plan successfully established

Poly Developments And Holdings Group (SSE:600048) announced the successful establishment of its "CITIC Construction Investment-Poly Development Commercial Property Phase 1 Green Asset-backed Special Plan (Carbon Neutrality)." The plan received approval from the Shanghai Stock Exchange (SSE) under the reference 上证函〔2025)72号. CITIC Securities will manage the plan. The company has raised CNY 1,594,000,000.00 in funding. The plan features priority asset-backed securities with a coupon rate of 2.50%, an issuance scale of CNY 13.54 billion, a face value of CNY 100.00, and a term of 18 years (with an option to open every 3 years), rated AAAsf. Subordinate asset-backed securities have an issuance scale of CNY 2.40 billion, a face value of CNY 100.00, a term of 18 years, and are subordinate to the priority securities in terms of residual income distribution.