It is worth noting that although the issuance of small and micro financial bonds is accelerating, the issuer is relatively single. According to the statistics of the reporter, in recent years, most of the banks that issue small and micro financial bonds are stock banks and city commercial banks.
Recently, two joint-stock banks issued small and micro financial bonds, namely industrial bank and Ping An Bank. Among them, Ping An Bank issued small and micro financial bonds for the first time this year, with a scale of 30 billion yuan and a coupon rate of 2.3%; Industrial Bank issued the second issue of small and micro financial bonds this year, including the 3-year varieties with a coupon rate of 22 billion yuan of 2.58% and the 5-year varieties with a coupon rate of 5 billion yuan of 2.95%.
According to wind data, as of June 21, 23 banks have issued 30 small and micro financial bonds in total, with a total amount of 275.28 billion yuan, compared with 64 billion yuan in the same period last year. Among them, in March, 13 commercial banks issued 14 small and micro financial bonds with a total scale of 130 billion yuan.
The rise of small and micro financial bonds has something to do with the guidance of regulatory policies. Under the epidemic situation, the central bank and the CIRC have repeatedly stressed the need to increase the issuance of small and micro financial bonds by banks.
On February 26, the CBRC said at the meeting that it would study with the central bank to increase small re loans and increase the issuance of small and micro financial bonds of banks, so as to guide banks to enhance financial support for small and micro enterprises. On March 31, the executive meeting of the State Council proposed to support financial institutions to issue 300 billion yuan of small and micro financial bonds for small and micro loans.
Wu Wen, a senior researcher at the financial research center of the Bank of communications, said in an interview with the Securities Daily that the small and micro financial debt is conducive to broadening the financing sources of small and micro enterprises, effectively reducing the financing cost of small and micro enterprises, and guiding the bank to take multiple measures to support the development of small and micro enterprises. Relatively speaking, the small and medium-sized banks with stable overall operation are more likely to issue successfully.