Huatai Securities subsidiary raises $650m in notes

Huatai International Finance, an indirect wholly-owned subsidiary of Huatai Securities, issued medium-term notes totaling $650 million in two tranches of $400 million and $250 million.

The issuance brings total outstanding notes under the program to $5.18 billion. Huatai Securities and its subsidiaries now have total external guarantees of 358.26 billion yuan, representing 18.69% of the company's latest audited net assets.