---
title: "TQL plans to apply for the registration of asset-backed debt financing instruments not exceeding 700 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/228027271.md"
description: "TQL plans to register and issue asset-backed debt financing instruments not exceeding 700 million yuan in the China Interbank Market Dealers Association, with a term not exceeding 3 years. The company will use its properties and land use rights located in Hefei City, Anhui Province as collateral to optimize its debt structure and broaden its financing channels. The guarantee scope includes the principal, interest, and related expenses of the main debt"
datetime: "2025-02-12T11:44:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/228027271.md)
  - [en](https://longbridge.com/en/news/228027271.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/228027271.md)
---

# TQL plans to apply for the registration of asset-backed debt financing instruments not exceeding 700 million yuan

According to the announcement from TQL (605108.SH), in order to further broaden financing channels and optimize the debt structure, replacing part of the short-term loans with long-term funds, the company plans to register and issue asset-backed debt financing instruments (CB) in the interbank market of China with a total amount not exceeding RMB 700 million and a term not exceeding 3 years.

The company will act as the mortgagor, using the property located at No. 1001 Luzhou Avenue, Baohe District, Hefei City, Anhui Province, along with its corresponding land use rights as collateral, to provide mortgage guarantees for the debt performance under this asset-backed debt financing instrument. The guarantee scope includes the principal and interest of the main debt, default penalties, damages, reasonable costs for realizing the debt (including but not limited to litigation fees, attorney fees, appraisal fees, notarization fees, enforcement fees, etc.), and all other payable costs

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- [605108.CN](https://longbridge.com/en/quote/605108.CN.md)

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