Xikuang Group issued carbon neutral asset securitization products

　　Sinochem New Network News Recently, Western Mining Group Co., Ltd. (hereinafter referred to as West Mining Group), the controlling shareholder of Western Mining, issued a special green asset-backed special plan (carbon neutrality) for Beijing Qinghai Financial Building, with an issuance scale of 2.501 billion yuan. This is the largest commercial real estate mortgage-backed securities (CMBS) product issued by enterprises in the central and western regions this year, and it is also the first green carbon neutral asset securitization product of Xikuang Group.

　　Beijing Qinghai Financial Building Green Asset-Backed Special Plan (Carbon Neutrality) is a CMBS product issued by Western Mining Group Co., Ltd., the major shareholder of Western Mining, as the original equity holder, with an issuance scale of 2.501 billion yuan and a term of up to 12 years, of which 1.830 billion yuan is preferred A scale, 670 million yuan is preferred B, and 01 million yuan is subordinated. The weighted rate of product issuance is significantly lower than the current valuation level of the company's existing bonds, which is the lowest interest rate for bond issuance in recent years.

　　Xikuang Group is a large-scale enterprise group integrating six major industries: mining and smelting, salt lake chemical industry, cultural tourism, construction and real estate, finance and trade, and scientific and technological information. Up to now, the company has 12.92 million tons of non-ferrous metal resource reserves, 23.4 tons of precious metal resource reserves, 23.4 tons of gold, 3,575 tons of silver, 272 million tons of ferrous metal resource reserves, and 1.148 billion tons of salt lake resource reserves, including 2.85 million tons of lithium chloride reserves, and the potential value of total resources has exceeded 1.2 trillion yuan. This project is a specific action for Xikuang Group to continue to promote the capitalization and securitization of state-owned assets.