Qingju Technology lands $2.99M in北交所's first public sci-tech bond
What's the deal? Qingju TechnologyDealroom has a profile for this one. Try Dealroom → on October 19 issued the first public科创债 (sci-tech innovation bond) by a company listed on the Beijing Stock Exchange (BSE). The deal raised US$2.75M (≈$2.99 million) over a 366-day term at a 1.69% coupon, carrying a "专精特新" (specialised and innovative) designation.
Who's involved? Capital SecuritiesDealroom has a profile for this one. Try Dealroom → acted as lead underwriter and bookrunner. Bank of ShanghaiDealroom has a profile for this one. Try Dealroom →, China Minsheng BankDealroom has a profile for this one. Try Dealroom →, Hengfeng BankDealroom has a profile for this one. Try Dealroom →, CITIC SecuritiesDealroom has a profile for this one. Try Dealroom →, and 首创证券 were among the financial institutions that subscribed.
What's the endgame? After fees, the proceeds will go entirely to working capital. Qingju Technology builds management software for construction project investment control; it is a national high-tech enterprise and a Beijing-designated "专精特新" small-to-medium enterprise.
Why now? The issue marks Qingju Technology's first use of corporate debt to broaden its financing channels since its BSE listing. The exchange framed it as part of a push to deepen coordination between its equity and debt markets.
The signal: The round sits in the bottom percentile for size — roughly 1.2% — so this reads less as a milestone in scale than as a test of a new product and issuer type. Still, it opens a public bond channel for the innovative smaller companies the BSE is built to serve, extending a steady widening of the exchange's debt offerings.
Read more: sohu.com
Image credit: thetaxhaven
