Jiuzhoutong: The second phase of asset-backed commercial paper trust for the year 2024 has completed liquidation.

Jiuzhoutong announced that the second phase of the asset-backed commercial paper trust for 2024 will be established on July 19, 2024, and will expire on July 20, 2026. The trust has a registered amount of 3 billion yuan, with an issuance amount of 1 billion yuan. During its duration, the trust received 4.194 billion yuan from the recovery of underlying assets, with a default amount of 0. During this period, trust fees, returns on asset-backed commercial papers, principal, and other expenses amounted to 24.0659 million yuan, including value-added tax and additional charges. There were 8 rounds of repurchases, with an additional underlying asset amount of 3.182 billion yuan and a purchase price of 3.120 billion yuan. The raised funds are used for debt repayment and replenishing working capital, with the initiating institution retaining zero risk. The balance of the trust exclusive account is 31,400 yuan, and the interest during the liquidation period belongs to the subordinated beneficiaries.