Xinao Successfully Launches 41.1 Billion Yuan Natural Gas Pipeline REIT on May 23

GateNews
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According to the Shanghai Stock Exchange disclosure on May 23, Xinao successfully launched the CITIC Securities-Xinao Zhoushan Natural Gas Pipeline Asset-backed Securitization Plan (with sustainability linkage). The issuance has a total scale of 41.1 billion yuan with an 18-year tenor and open exit arrangements every three years. Both priority and equity tranches received full subscriptions, and the plan has been formally established.
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