Baidu has money to spend on education credit.

17 In August, with Chongqing Baidu Microfinance Co., Ltd. under Baidu Finance as the original owner, "Baidu Hua Qian-Tianfeng 20 17 Phase I Asset Support Special Plan" was raised and established. The total scale of product issuance in this issue is 650 million yuan, mainly based on education installment loans, with TF Securities Limited Liability Company as the plan manager and sales organization. The product will be listed, issued and traded on the Shanghai Stock Exchange. This is the second issue of educational asset securitization products issued by "Baidu has money to spend" during the year, which also marks that the securitization products of such assets have entered the normal issuance stage.

According to the transaction documents, "Baidu Youfuhua-Tianfeng 2065438+2007 Phase I Asset Support Special Plan" is divided into priority A (73%, AAA rating), priority B (5%, AA rating), priority C (4%, AA rating), priority D (5.9%, AA rating) and the last five files. Among them, the annualized interest rate of priority A file is 5. 1%, and the subscription multiple is 3.8 times; The priority issue rate of the B file is 5.2%, and the subscription multiple is 3.4 1 times; The priority issue interest rate of Class C is 6. 1%. Investors include four major banks, joint-stock banks, city commercial banks and securities companies. This is the AAA and AA products with the lowest interest rate in the securitization of exchange consumer financial assets since May 20 17, which fully reflects the recognition of market investors on Baidu Finance and Baidu Small Loan Education Loan assets.

"Hua Qian" is a consumer credit brand owned by Baidu Finance. Its asset types are mainly education installment and cash loan, which are operated by Chongqing Baidu Microfinance Co., Ltd. and Shanghai Baidu Microfinance Co., Ltd. under Baidu Finance. At present, Baidu Finance has established a complete education financial service ecosystem, and education loan assets have covered major business types such as language, IT skills training, vocational qualification training and MBA education.