China securities unit to issue notes with guarantee
China Securities Co., Ltd. announced that its indirect wholly-owned subsidiary, CSCIF Hong Kong Limited, will issue notes under its established medium-term note (MTN) program, which has a maximum principal amount of $4 billion USD. The offering will be guaranteed by China Securities' wholly-owned subsidiary, China Securities International Financial Holdings Co., Ltd. On February 27, 2025, CSCIF Hong Kong Limited completed the issuance of three tranches of notes under the MTN program, totaling approximately RMB 1.017 billion, with a term of 364 days. The guarantee provided by China Securities International amounts to approximately RMB 1.042 billion. After the current issuance, the total guarantee provided by China Securities International for CSCIF Hong Kong Limited's MTN program will reach approximately RMB 1.75 billion. China Securities states that the guarantee risk is controllable.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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