CITIC Securities unit issues $1.5bn in notes, guaranteed by subsidiary

CSI MTN Limited, an indirect wholly-owned subsidiary of CITIC Securities International Company Limited, has issued two tranches of medium-term notes totaling $1,500 million under its existing program. These notes were issued on September 16 and 17, 2025. Following this issuance, the total outstanding principal of notes under the program stands at $2,809 million. CITIC Securities International provides an unconditional and irrevocable guarantee for these notes.

As of the announcement date, CITIC Securities and its controlled subsidiaries' total external guarantees amounted to RMB 1,819.57 billion. All these guarantees are provided by the company and its controlled subsidiaries to their controlled subsidiaries, representing 62.08% of the company's most recently audited net assets. The company reports no overdue guarantees.

CSI MTN Limited, incorporated in the British Virgin Islands in 2021, operates as a special purpose vehicle (SPV). It has not engaged in any business activities other than acting as a bond issuer and has not made any investments. Its primary purpose is to secure financing for the CITIC Securities International group.