In June 2022, Shanghai NIO Financial Leasing Co., Ltd. (hereinafter referred to as "NIO Leasing") successfully issued "Shanghai NIO Financial Leasing Co., Ltd. 2022 Phase 1 Green Targeted Asset-Backed Notes (Bond Connect)", with a total issuance scale at RMB 1.3 billion, of which the priority scale is RMB 1.025 billion and the interest rate is 2.66%. This project is the first green new energy vehicle leasing asset ABN (Bond Connect) product in the market, and it is also the first domestic smart vehicle ABN fully subscribed by foreign banks.
NIO Leasing is a subsidiary of NIO Automobile, which mainly provides financial leasing solutions for users who has purchased NIO smart electric vehicles. The successful issuance of this project reflects the high recognition of NIO and its leased assets by foreign banks, and NIO has further expanded its low-cost financing channels at the same time.
As the legal counsel of NIO Leasing, Llinks provided legal services for this project with its rich project experience in the field of asset securitization.
Llinks Team:
Partners: Elva Yu
Associate: Lynn Wu
