China securities unit to issue RMB2.7bn in notes

China Securities' (SSE:601066) subsidiary, CSCIF Hong Kong Limited, plans to issue RMB2.7 billion in 2.48% interest rate notes due in 2027. The notes will be issued under a US$4 billion medium-term note program, and are expected to be listed on the Hong Kong Stock Exchange on April 28, 2025. These notes are offered outside the United States under Regulation S. China Securities guarantees the issue, and will provide a keepwell agreement. The firm expects a total revenue of CNY4,918.89 million and net profit attributable to shareholders of CNY1,842.65 million. The transaction is also subject to shareholder approval.