360 Finance Announces Completion of Issuance of RMB500 Million Asset-Backed Securities
Qifu Technology, Inc - American Depositary Shares (QFIN)
Company Research
Source: GlobeNewswire
SHANGHAI, China, Feb. 28, 2020 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform, today announced that it has completed the issuance of RMB500 million asset-backed securities (“ABS”), which will be listed and begin trading on the Shenzhen Stock Exchange on February 28, 2020. The new security will be a two-year consumer loan-related ABS and is issued under the name Tianqi-360 Finance Phase III Trust Benefit Right Asset Support Special Plan. This is the first ABS that will be issued by a Fintech company in China following the Chinese New Year festival this year. The underlying assets of the ABS are loans extended by respected financial institution funding partners including CICC Securities, China Merchants Securities, China Investment Securities and Western Securities. Mr. Zhiqiang He, Vice President of 360 Finance, commented, “The successful execution of this financing amid heightened volatility caused
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Earnings
- 11/19/24 - Beat
QFIN
Sec Filings
- 11/19/24 - Form 6-K
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