Seazen Holdings Successfully Issues 400 Million Yuan Corporate Bonds, Domestic Credit Bonds Land Smoothly
On September 21, Seazen Holdings (601155.SH) completed the book-building and issuance of its first 2026 corporate bond for professional investors, raising 400 million yuan. The issuance was split into two tranches: a 300 million yuan secured tranche using commercial assets as collateral, and a 100 million yuan unsecured pure credit tranche—the company's first such domestic bond since 2022. The success reflects market confidence in Seazen's commercial operations and asset value.
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Seazen Holdings Issues 400 Million Yuan Corporate Bond, Unblocks Onshore Credit Debt Channel
On September 21, Seazen Holdings (601155.SH) successfully completed the book-building and issuance of its 2026 first tranche corporate bonds for professional investors, marking the smooth landing of its onshore credit bond issuance. The total issuance size was 400 million yuan, split into two tranches: '26 Xinhui 01' (300 million yuan) and '26 Xinhui 02' (100 million yuan), both with a two-year term. Notably, the first tranche innovatively used self-owned commercial asset mortgage guarantees for credit enhancement, a first for Seazen, leveraging clear-title, mature commercial assets to directly secure bond repayment. The second tranche was unsecured pure credit issuance, Seazen's first such onshore bond since 2022, reflecting strong capital market confidence in the company's credit. The success underscores market recognition of Seazen's commercial operations and asset value. As of June 2026, the company operated 212 Wuyue Plazas across 147 cities, with 181 open, 1,675.31 million square meters of operating area, and a stable 98.35% occupancy rate. First-half 2026 commercial operating revenue reached 7.112 billion yuan, up 2.42% year-on-year, with the commercial segment contributing nearly 80% of gross profit. As a private developer maintaining zero defaults on public market debt, Seazen has completed multiple financings this year including medium-term notes, USD bonds, PRE-REITs, and inter-institutional REITs expansions. This bond issuance further strengthens its safety buffer and opens the onshore credit bond channel, providing a replicable path for private developers to leverage quality assets for financing and transformation.
Read sourceSeazen Holdings Completes First 2026 Corporate Bond Issuance, Diversifying Financing
On September 21, Seazen Holdings (601155.SH) successfully completed the book-building for its first 2026 corporate bond issuance for professional investors, marking the smooth landing of its domestic credit bond issuance. The total issuance scale was 400 million yuan, split into two tranches: '26 Xinji 01' (300 million yuan) and '26 Xinji 02' (100 million yuan), both with a 2-year maturity. Notably, the first tranche innovatively used self-owned commercial asset mortgage guarantees for credit enhancement, a first for the company, while the second tranche was unsecured pure credit issuance, the first such domestic bond since 2022, indicating strong market recognition of the company's credit. The article attributes the successful issuance to market recognition of Seazen's commercial operation capabilities and asset value, citing its 212 Wuyue Plazas across 147 cities, 181 in operation with 98.35% occupancy, and commercial operating revenue of 7.112 billion yuan in the first half of 2026. The article states that Seazen, as one of the few private real estate enterprises maintaining zero default on public market debt, has secured multiple financing channels this year, and this bond issuance further solidifies its safety cushion and opens the domestic credit bond financing channel.
Seazen Holdings Issues First 2026 Corporate Bond, Secures 400 Million Yuan
On September 21, Seazen Holdings (新城控股) successfully completed the book-building and issuance of its first tranche of 2026 corporate bonds for professional investors, marking the smooth landing of its domestic credit bond issuance. The total issuance size was 400 million yuan, split into two tranches: '26 XINJI 01' (300 million yuan) and '26 XINJI 02' (100 million yuan), both with a two-year maturity. Notably, the first tranche innovatively used self-owned commercial asset collateral as a guarantee, a first for Seazen, leveraging its mature commercial properties to directly secure bond repayment. The second tranche was an unsecured pure credit issuance, the first such domestic bond for Seazen since 2022, reflecting capital market confidence in the company's credit. The article attributes the success to Seazen's commercial operation capabilities and asset value, citing its 212 Wuyue Plazas across 147 cities, 181 in operation, with a 98.35% occupancy rate and commercial operating revenue of 7.112 billion yuan in the first half of 2026, up 2.42% year-on-year. The commercial segment contributes nearly 80% of gross profit, serving as a core support for the company through market cycles. Seazen, a private developer with a zero-default record on public market debt, has secured multiple financings this year, including medium-term notes, USD bonds, PRE-REITs, and inter-institutional REITs expansions. This bond issuance further strengthens its safety buffer and opens a domestic credit bond financing channel, providing a reference for other private developers to leverage quality assets for financing and transformation. (This article does not constitute investment advice; disclosures are subject to company announcements.)
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Seazen Holdings Issues First 2026 Corporate Bond, Using Commercial Assets as Collateral
Seazen Holdings (601155.SH) successfully completed the book-building and issuance of its first 2026 corporate bond for professional investors on September 21. The total issuance size is 400 million yuan, split into two tranches: '26 XINJI 01' (300 million yuan) and '26 XINJI 02' (100 million yuan), both with a two-year maturity. Notably, the first tranche innovatively uses the company's own commercial assets as collateral for the first time, providing direct repayment security. The second tranche is an unsecured credit bond, marking Seazen's first domestic unsecured bond issuance since 2022, reflecting market confidence in its credit. The article attributes the successful issuance to market recognition of Seazen's commercial operations and asset value. As of June 2026, the company operates 212 Wuyue Plazas across 147 cities, with 181 open and a 98.35% occupancy rate. Its commercial operations revenue reached 7.112 billion yuan in the first half of 2026, up 2.42% year-on-year, contributing nearly 80% of gross profit. Seazen, a private developer with a zero-default record on public market debt, has secured multiple financing deals this year, including medium-term notes, USD bonds, and REITs. The article states this bond issuance further strengthens its financial safety and opens a domestic credit bond channel, providing a reference for other private developers. (This article does not constitute investment advice.)
Read sourceSeazen Holdings Completes First 2026 Corporate Bond Issuance with Dual Tranche Structure
Seazen Holdings (新城控股) has completed the book-building for its first 2026 tranche of corporate bonds for professional investors, raising a total of 400 million yuan. The issuance is split into two tranches: '26 Xinhua 01' (300 million yuan) and '26 Xinhua 02' (100 million yuan), both with a two-year maturity. Notably, the first tranche innovatively uses the company's own commercial assets as collateral for the first time, providing direct security for bond repayment. The second tranche is an unsecured issuance, marking Seazen's first pure credit bond in China since 2022, reflecting market confidence in the issuer. As of mid-2026, Seazen operates 212 Wuyue Plazas across 147 cities, with 181 open and a 98.35% occupancy rate. Its commercial operations generated 7.112 billion yuan in revenue in the first half of 2026, up 2.42% year-on-year, with commercial gross profit contributing nearly 80%. Seazen, a private developer with a record of zero defaults on public market debt, has also completed medium-term notes, USD bonds, PRE-REITs, and institutional REITs this year, further strengthening its financial position and opening domestic credit bond channels.
Read sourceSeazen Holdings Successfully Issues 400 Million Yuan Corporate Bonds, Domestic Credit Bonds Land Smoothly
On September 21, Seazen Holdings (新城控股) successfully issued a total of 400 million yuan in corporate bonds, divided into two tranches. Tranche 1, '26 XINJI 01', was issued at 300 million yuan, and Tranche 2, '26 XINJI 02', at 100 million yuan, both with a 2-year maturity. Notably, Tranche 1 innovatively used a self-owned asset mortgage guarantee credit enhancement model, marking the company's first attempt to use its own commercial assets as collateral for corporate bond credit enhancement. Tranche 2 was a pure credit issuance without collateral, the first such domestic bond for Seazen since 2022, indicating strong market recognition of the company's credit. The successful issuance reflects market recognition of Seazen's commercial operation capabilities and asset value. As of the end of June 2026, the company had 212 Wuyue Plazas across 147 cities, with 181 in operation covering 16.7531 million square meters and a stable occupancy rate of 98.35%. Its commercial operation revenue in the first half of the year was 7.112 billion yuan, up 2.42% year-on-year, with the commercial segment contributing nearly 80% of gross profit. As one of the few private real estate enterprises maintaining a 'zero default' record on public market debt, Seazen has secured multiple financing deals this year, including medium-term notes, USD bonds, PRE-REITs, and inter-institutional REITs expansions. This bond issuance further strengthens its safety cushion and opens the domestic credit bond financing channel, providing a reference for other private real estate companies to leverage quality assets for financing and transformation.
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