温州金改实施细则在推迟数次后今日终于落地，但相关改革动作已提前推出。21日，报喜鸟集团有限公司私募债在浙江股权交易中心挂牌发行，成为该中心首单成功发行的私募债产品。

Wenzhou gold detailed rules for the implementation of the change in delayed several times today after finally fall to the ground,But related reform action has been launched in advance.21,Bono group co., LTD. SiMuZhai in zhejiang equity trading center listed issue,Become the center first single successful issue of the SiMuZhai products.

　　⊙记者 王媛 颜剑 ○编辑 孙忠

⊙ reporter WangYuan YanJian ○ SunZhong editor

　　尽管温州金改实施细则在推迟数次之后于23日姗姗来迟，但相关改革动作已向前推进。日前，为推进温州金融综合改革，促进经济转型升级而设立的区域性股权交易市场——浙江股权交易中心成功发行首单私募债。21日，报喜鸟集团有限公司私募债在浙江股权交易中心挂牌发行，成为该中心首单成功发行的私募债产品。

Although wenzhou gold detailed rules for the implementation of the change in delayed after several times in 23 be late,But related reform action already forward.a,In order to promote the financial comprehensive reform in wenzhou,To promote the transformation and upgrading of the economy and the establishment of regional equity trading market, the zhejiang equity trading center successfully issued the first single SiMuZhai.21,Bono group co., LTD. SiMuZhai in zhejiang equity trading center listed issue,Become the center first single successful issue of the SiMuZhai products.

　　私募债发行新模式 SiMuZhai issue the new mode

　　据悉，首单报喜鸟集团私募债的发行规模约为1亿元，期限为2年，由浙商银行主承销，票面利率略高于1年期银行贷款利率。

It is reported,The first single bono group SiMuZhai the issue of scale is about 100 million yuan,Deadline for 2 years,Zheshang bank underwriting by the Lord,Coupon rate slightly higher than one-year bank lending rate.

　　尽管利率与一般的中小企业私募债无太大差异，但对于债市投资者而言，浙江股权交易中心却因此崭露头角。该中心在今年9月注册成立，是浙江省政府依据有关监管部门的相关规定，为推进温州金融综合改革，促进经济转型升级而设立的区域性股权交易市场。

Although interest rates and the general small and medium-sized enterprise SiMuZhai do not have too big difference,But for the bond market investors,Zhejiang equity trading center has so come to the fore.The center in September this year was registered,Is the zhejiang government according to the relevant provisions of the relevant regulatory authorities,In order to promote the financial comprehensive reform in wenzhou,To promote the transformation and upgrading of the economy and the establishment of regional equity market.

　　据知情人士透露，与以往中小企业私募债直接在沪深交易所挂牌不同，报喜鸟这只私募债在股权交易中心挂牌，希望借助股权交易中心这一平台，将包括信用债在内的债券产品引导到零售市场，扩大信用债的投资者范围，而该私募债的后续也将在交易所上市流通。

According to informed sources,And ever SiMuZhai small and medium-sized enterprises directly on the Shanghai and shenzhen stock exchange listing different,Bono this only SiMuZhai in equity trading center listed,Hope that through equity trading center this platform,Will include credit debt, the bond product guide to the retail market,Easy credit debt investors range,And the SiMuZhai follow-up will be listed circulation.

　　记者发现，在浙江股权交易中心的股东中，上证所信息网络有限公司与温州市国资投资集团有限公司分别持20%的股权、浙商证券、财通证券则分别持有10%的股权。

Reporter discovery,In zhejiang equity trading center of the shareholders,Sse infonet information network co., LTD. And wenzhou salt investment group co., LTD. 20% stake in the respectively/Zheshang securities/Wealth through securities respectively hold the equity of 10%.

　　浙商银行表示，本次报喜鸟私募债从申报到成功募资，仅用了1个月不到的时间，意味着中小企业通过浙江股权交易中心发债，比在上交所或深交所发债相对容易。该行投资银行部总经理沈滨介绍，这是浙江中小企业在债券市场直接融资的新尝试，未来该行将积极推荐优质客户发行私募债券。

Zhejiang business bank said,This bono SiMuZhai declare success from the need to recapitalise,Only 1 months less than time,Means that the small and medium-sized enterprise through the zhejiang equity trading center FaZhai,Than in ShangJiaoSuo or FaZhai shenzhen relatively easy.The bank investment, k, general manager ShenBin is introduced,This is in small and medium-sized enterprises in zhejiang in the bond market new attempt of direct financing,The future the bank will actively recommend clients private bond issue.

　　多举并促直接融资 Many lift and promote direct financing

　　作为温州金改鼓励发展的一大内容，私募债品种、中小企业集合票据等多形式的债务融资手段在当地也“遍地开花”。21日，温州乐清市2012年度第一期中小企业集合票据发行签约仪式在乐清举行，为镇江阀门和华仪电器集团募集资金1.7亿元，这是浙商银行今年连续成功发行的第6单中小企业集合票据。

As the wenzhou gold changed to encourage the development of a large content,SiMuZhai varieties/Small and medium-sized enterprise set bill and so on form of debt financing means in the local also"Blossom everywhere".21,Wenzhou yueqing 2012 annual first phase of small and medium-sized enterprise set note issuance signing ceremony held in yueqing,For zhenjiang valves and HuaYi electric group raise capital of 170 million yuan,This is the zhejiang business bank this year continuous successful issue of the small and medium-sized enterprise set 6 single note.

　　“近期交易商协会一下批了4只中小企业集合票据，我们也很振奋。”浙商银行相关人士告诉记者，随着今年来非金融企业债务融资工具市场的发展，今年1至10月份，浙商银行主承销非金融企业债务融资工具150.9亿元，为去年同期的6倍以上。

"Recent dealers association of the four only small and medium-sized enterprise set bill,We are also very exciting."Zhejiang business bank relevant personage told reporters,As this year to non-financial debt financing tool the development of the market,The first 10 months of this year,Zhejiang business bank main underwriting non-financial debt financing tools is 15.09 billion yuan,For the same period last year more than six times.

　　由于中小企业信用评级偏低，一直以来不能在债券市场单独发行债券，融资渠道比较单一。2009年底，银行间市场交易商协会开始尝试中小企业集合票据，即由2家（含）以上、10家以下的法人企业组成联合发行人，在统一信用增信后，在银行间债券市场集合发行的债务融资工具。

Due to the small and medium-sized enterprise credit rating is low,Has been in the bond market can't separate issue bonds,The financing channel is single.By the end of 2009,Interbank market dealers association began to try to small and medium-sized enterprise set bill,Namely by two(contain)above/10 the following legal person enterprise composition combined the issuer,In unity after credit credit,In the market of the bond between the bank set issue of debt financing tool.

　　尽管在今年经济增速放缓阶段，中小企业集合票据出现了像北京康特荣宝发行人无力偿债，最终由担保公司代偿的事件，但不可否认的是，中小企业私募债为解决中小企业融资难的巨大作用，今年浙江已发行的7单中小企业集合票据，有效支持了浙江省内实体经济的发展。

In spite of this year's economic growth is slowing phase,Small and medium-sized enterprise set bill appeared like Beijing kt RongBao issuer insolvency,Finally the guaranteed company is compensatory event,But it is undeniable,Small and medium-sized enterprise SiMuZhai to solve the financing difficulties of small and medium-sized enterprises of the huge function,Zhejiang issued this year 7 single small and medium-sized enterprise set bill,Effective support for the zhejiang province economic development entities.

　　其中，作为浙江债券承销“大户”，浙商银行今年已发行了6单中小企业集合票据，分属义乌、慈溪、诸暨、潍坊、台州、乐清6市，累计已为17家中小企业融资11.27亿元。

the,As zhejiang bond underwriting"leader",Zhejiang business bank issued this year already six single small and medium-sized enterprise set bill,Belong to yiwu/cixi/zhuji/weifang/taizhou/Yueqing city of 6,Accumulated has 17 home small business financing is 1.127 billion yuan.