FilingReader Intelligence

China Securities unit issues $0.7bn notes, guaranteed

February 24, 2025 at 05:01 PM UTCBy FilingReader AI

China Securities announced that its indirect, wholly-owned subsidiary, CSCIF Hong Kong Limited, has successfully issued $0.7 billion in notes under its medium-term note program. The issuance, completed on February 24, 2025, has a term of 354 days. The notes are unconditionally and irrevocably guaranteed by China Securities' wholly-owned subsidiary, China Securities (International) Finance Holdings, with the guarantee covering principal and interest. This guarantee increases China Securities (International)'s total guarantee obligations to approximately RMB 707 million. The issuance is within the scope of the company's previously authorized debt financing framework. The proceeds will be used for offshore business operations. China Securities maintains that risks are controllable and will not harm shareholder interests.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SSE:601066Shanghai Stock Exchange

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