21 Jintang State-owned MTN002 Credit Risk Mitigation Voucher Issuance Instructions
This document is the issuance instructions for Huishang Bank's 2021 first issue of the 21 Jintang State-owned MTN002 credit risk mitigation voucher. It sets out the voucher terms, risk warnings, creation arrangements, disclosure obligations, issuer information, reference entity and underlying debt, credit event definitions, settlement arrangements, and related procedures.
Key terms stated include a nominal principal of no more than RMB 250 million, credit protection from October 26, 2021 to October 26, 2024, annual credit protection fee payments on October 27, 2021, October 26, 2022, and October 26, 2023, and an annualized credit protection fee rate range of 2.7% to 3.2%. This manual is written in Chinese.
| Nominal principal total | No more than RMB 250 million |
|---|---|
| Credit protection start date | October 26, 2021 |
| Agreed maturity / credit protection end date | October 26, 2024 |
| Credit protection fee payment dates | October 27, 2021; October 26, 2022; October 26, 2023 |
| Credit protection fee payment method | Annual payment |
| Credit protection fee rate range (annualized) | 2.7% to 3.2% |
| Underlying debt | Jintang County State-owned Assets Investment and Operation Co., Ltd. 2021 second issue medium-term notes (21 Jintang State-owned MTN002) |
The nominal principal total is no more than RMB 250 million.
Credit protection starts on October 26, 2021.
The agreed maturity and credit protection end date is October 26, 2024.
The credit protection fee is paid annually.