Tianfeng Securities Helps Yili State-owned Investment Achieve First Issuance of Exchange-Listed Corporate Bonds

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（Source: Tianfeng Headlines）

On March 19, 2026, Tianfeng Securities (rights protection) successfully helped Yili State-owned Assets Investment and Operation Co., Ltd. (hereinafter referred to as “Yili Guotou”) to privately issue corporate bonds (Phase 1) targeted at professional investors in 2026. The bond issuance totaled 500 million yuan, with a 5-year term, a coupon rate of 2.80%, and a subscription multiple of 3.84 times, setting a new low in the face value interest rate for unrated, unenhanced pure 5-year credit bonds in Northwest China!

Yili Guotou’s core positioning is as a regional state-owned capital operation platform and an important supporter of economic development. It actively implements major national strategies such as regional coordinated development, focusing on core businesses including state-owned asset management, municipal infrastructure construction, and grain storage and sales. It also invests in cultural tourism development and industrial investment, playing a vital role in consolidating regional foundations, promoting industrial upgrading, and enhancing the quality and efficiency of Yili Prefecture’s economy. As a key infrastructure construction entity in Yili Prefecture, it holds a significant position in the grain and oil industry and urban public utilities.

This issuance marks Yili Guotou’s first listing on the bond market and is also the first new corporate bond in the Yili region of Xinjiang, representing a milestone and symbolizing full recognition of Yili Guotou’s comprehensive strength, credit level, and development prospects by the capital market. It also provides important reference and demonstration for local enterprises in Yili to optimize financing costs, broaden financing channels, and connect with capital markets. This will actively stimulate regional capital market vitality and support the high-quality development of Yili’s real economy.

As the exclusive lead underwriter for this issuance, Tianfeng Securities leveraged its professional advantages as a joint-venture securities firm and the synergy of “investment + investment banking + research,” combined with extensive experience serving regional state-owned enterprises and deep engagement in the real economy, to provide Yili Guotou with full-process, customized integrated financial services. During project execution, Tianfeng Securities accurately grasped bond market trends and investor needs, innovatively optimized the issuance plan, and helped the company achieve low-interest, high-subscription results. This not only effectively reduced the company’s financing costs and enhanced its capital market image but also demonstrated its professional strength and sense of responsibility in serving frontier regions.

Looking ahead, Tianfeng Securities will continue to focus on the real economy and high-quality development, uphold the political and people-oriented nature of financial work, and leverage its professional expertise, resource advantages, and “urban investment banking” strategic capabilities. With a strong sense of social responsibility and market insight, it aims to provide more innovative, diversified, high-quality financial services, injecting sustained momentum into regional economic steady growth.

Source | Corporate Financing Committee

Editor | Party Committee Office, Cultural Propaganda Department

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