Collecting Bills To Solve Small And Medium Sized Shoe Enterprises' Financing Difficulties

On the morning of 15, Jinjiang held the first phase of small and medium enterprises in 2012.

The launching ceremony of the project.

At the ceremony, the joint issuer of the ICBC Jinjiang sub branch and 4 enterprises in Jinjiang signed the letter of intent and confidentiality agreement for the issuance of the first stage SME collection notes in Jinjiang in 2012.

Financial irregularities, poor credit rating, small scale...

This is a common problem for SMEs.

Organizations are often deterred by small and medium-sized enterprises.

However, since last November, the Bank of Jinjiang successfully issued the "first phase collection of small and medium enterprises in 2011", the collection of small and medium enterprises is known as the "third window" of SME financing.

Collection notes are highly praised by Jin Enterprises

It is understood that the preparatory work for the first collection of small and medium enterprises in Jinjiang in 2012 began at the beginning of the year, and has now completed all preparatory work.

The collection notes are made clear by finy group (Fujian) Limited, Fujian Jie Long commercial limited company, golden crown food (Fujian) Co., Ltd., Jinjiang Hengren shoe industry Co., Ltd. as the joint issuer, Industrial Commercial Bank of China Ltd as the main underwriter, Shenzhen small and medium-sized enterprise credit guarantee guarantee Group Co., Ltd. as the guarantor, the collection of negotiable instruments will be issued 200 million ~3 billion yuan, and the issue period will be two years.

"This is an innovative financial product aimed at financing small and medium-sized enterprises. In 2012, it will promote more collection of notes."

Su Zhixin, chief of the credit management section of the Quanzhou branch of the people's Bank of China, said at the ceremony.

Wu Yunming, deputy general manager of the investment banking department of Fujian branch of ICBC, said at the ceremony that the collection of bills by small and medium-sized enterprises is still unfamiliar to many enterprises.

The main sticking point of the financing difficulties of small and medium-sized enterprises lies in their small scale, low credit level, lack of mortgage and guarantee, which can not be listed and financing, but also difficult to borrow from banks.

To this end, Wu Yunming said that the collection bills of small and medium-sized enterprises can collect scattered financing needs of all small and medium-sized enterprises, "zero to whole", and assemble them into a product. By raising the credit rating of the higher professional credit rating agencies, the SMEs can directly raise funds in the bond market.

"The company plans to raise 30 million ~5000 million funds through this collection bill, which will be used for the development of the company's network and the upgrading of its internal management."

The finance manager of Chai long said that in fact, participating in the issuance of SME bills will not only solve the financing problems for enterprises, but also enable enterprises to standardize their management, enhance their popularity in the capital market, and prepare for the future listing.

In this regard, the constant people

Chairman Zhang Yingwen also said in an interview with reporters, the plan through SME collection notes financing 50 million ~8000 million.

"Now the shoe and clothing market is very competitive, and capital, as the backing of enterprise development, is one of the keys for enterprises to remain invincible in the market.

The financing of the company will mainly be used for the promotion of internal management, market sales and the establishment of outlets.

Zhang Yingwen told reporters that financial management software will also take this opportunity to upgrade.

The issuing cost of a qualified company is 8%~9%.

According to Wu Yunming, compared with the traditional financing mode, collection bill financing is not restricted by credit scale, and flexible use of funds. It not only solves the problems of small scale, insufficient liquidity, insufficient credit level and so on, but also plays an important role in enhancing corporate brand and influence, raising enterprise's standard awareness and management level.

In addition, the legal relationship between the issuers is clear, the relationship between claims and debts is clear, and only the debt of their own issuing amount is assumed, and the debts of other issuing enterprises are not assumed.

"For small and medium-sized enterprises, the issuance cost of collective bills is lower than the financing cost of loans, and it can also be raised through open market financing, and liquidity is also very high.

This is an innovative financial product aimed at financing small and medium-sized enterprises, and small and medium-sized enterprises are very keen.

Wu Yunming said, but in addition to this, the issuer also undertook the Commission of the underwriting Commission and the cost of security, legal advice and other issuance costs, the total distribution of the total cost of the total of 8%~9%.

It is learnt that in addition to the interest rate of 6%~9% bonds, the cost of collecting bills, such as underwriting fees, accounting offices and guarantees, is about 3%.

That is to say, the financing cost of small and medium-sized enterprises' collection of negotiable instruments is about 12%, and even better qualified enterprises even need 8%~9% financing cost.

"Coupon issuance has a fixed coupon interest rate, which can lock forward interest rates, and the cost of solidified financing will show its price advantage over time in the rising cost of capital."

Wu Yunming said that for small and medium-sized enterprises, collecting bills is a life-saving straw.

Noun clicks

Collective bills refer to 2 or more enterprises with 10 or less corporate qualifications, which are jointly issued by the interbank bond market in the form of unified product design, unified brand names, unified credit enhancement and unified issuance and registration.

According to the regulations, the collection fund of a single collection enterprise does not exceed 40% of the net assets and does not exceed 200 million yuan. The issuance amount of a single set of notes is not more than 1 billion yuan, with a period of 1 to 3 years.