The second publicly offered REITS in 2022 and the first publicly offered REITs in the western region-Sinolink China Railway Construction Expressway REIT, the latest results of the subscription ratio were announced, with sales of more than 44 billion yuan in two days.
The latest announcement from China National Finance Fund is that the allotment ratio of the public offering part of China Railway Construction Expressway REIT is 2.45%, and the allotment ratio of the offline offering part is 3.22%.
Calculated based on the offering price of 9.586 yuan per share, the fund’s public offering before proportional placement will raise approximately 14.715 billion yuan, and the offline offering’s fundraising before proportional placement will be approximately 26.029 billion yuan, plus 3.595 billion yuan from strategic investors.
In terms of subscription scale, the REITs raised 44.338 billion yuan before the proportional placement.
In response to the booming popularity of this publicly offered REITs, many fund industry insiders said that the reason behind investors' enthusiastic pursuit of REIT funds is the high quality of the underlying assets of REITs, the scarcity of the products, and the promising dividend income, etc., which have made this type of assets popular among various industries.
Road funds are sought after.
However, since my country's public REITs market has a size of several trillion, it will provide abundant basic assets for such products, and there is still huge room for the development of public REITs in the future.
Sold over 44 billion yuan in two days, the public portion of the allotment ratio is about 2.45%. China Railway Construction Expressway REIT, which has attracted much market attention, recently announced the results of the subscription application confirmation ratio.
According to the announcement, the IFC China Railway Construction Expressway REIT has raised a total of more than 44 billion yuan in this issuance, and the placement ratio of the public offering part of the fund is approximately 2.45%, which is extremely rare in the context of the large-scale lifting of the ban on the first batch of REIT funds.
The announcement shows that the fund raising period is from June 21st to June 22nd.
Among them, the fundraising period for public investors is only one day on June 21, and the fundraising period for strategic investors and offline investors is two days from June 21 to June 22.
This issuance to public investors has attracted a total of approximately 14.7 billion yuan (before proportional placement), and the placement ratio of the public offering is approximately 2.45%. Moreover, the number of strategic investors, the number of offline inquiry investors, and the amount of intended subscription are all relatively high.
This is extremely rare in the context of the large-scale lifting of the ban on the first batch of REIT funds.
Specifically, the China Railway Construction Expressway REIT Strategic Placement Shares of SINOMACH amounted to 375 million shares, accounting for 75% of the total number of shares sold, and the effective subscription application ratio was 100%; the initial fund shares sold offline were 87.5 million shares, but
There were 2.7153 billion valid subscription shares for offline investors, and the final allotment ratio was 3.22%; while the initial number of fund shares sold by public investors was 37.5 million, the actual subscription shares for public investors were 1.535 billion, and the actual confirmation ratio of valid subscription applications was
2.45%.
Calculated based on the issuance price of this product of 9.586 yuan, the subscription scales of the three types of investors before the placement were respectively 3.595 billion yuan, 26.029 billion yuan, and 14.715 billion yuan, and the total subscription scale of the product was 44.338 billion yuan.
However, if the issuance requirement of raising 500 million shares is followed, the final scale of the fund will be 4.793 billion yuan.
From the perspective of investor structure, in the strategic placement part, 13 strategic investors have subscribed for their committed fund shares according to the strategic placement agreement and at the subscription price determined by offline inquiry and paid the subscription fee in full; in the offline sale part,
106 valid quotations and allotment objects managed by 45 offline investors have been subscribed offline in accordance with the requirements of the "Offering Announcement" and the subscription fees have been paid in full; for the public offering, the number of fund shares validly subscribed by public investors is 1.535 billion.
, public investors who have validly subscribed as above have paid full subscription funds.
The popularity of China Railway Construction Expressway REIT cannot be separated from the high-quality investment value of the project itself.
Industry analysts said that the hot sales of China Railway Construction Expressway REIT by China National Financial Holdings showed that investors highly recognized the investment value of this product.
Information shows that China Railway Construction Expressway REIT mainly invests in the Chongqing-Sui Expressway Chongqing Section Project. This expressway project is the main channel in Chongqing’s “Three Rings and Eighteen Shots” highway network structure and connects the two major cities of Chongqing and Chengdu.
important traffic arteries.
After the project was launched, my country's highway REITs were launched in the southwest, taking an important step towards a national layout.
Another point that needs attention is that in the context of the country's new development and new strategies, the Yu-Sui Expressway, which is the main highway between Chengdu and Chongqing, plans to adopt the original site expansion and reconstruction (widening) method, according to the full control of access and full access.
The highway standard construction of the interchange is to adapt to the demand for transportation infrastructure in the development of the new era. The reconstruction of the Guojin Railway Construction Project has been included in multiple relevant plans during the 14th Five-Year Plan period. The possibility of reconstruction and expansion is high, which is clearly disclosed in the current public offering REITs.
Projects with expansion plans.