CITIC Securities subsidiary to issue $6m in notes, guaranteed by wholly-owned unit

CSI MTN Limited, an indirect subsidiary of CITIC Securities, will issue $6 million in medium-term notes under its existing program on November 6, 2025. This issuance is guaranteed by CITIC Securities International, a wholly-owned subsidiary of CITIC Securities. Following this transaction, the total principal amount of outstanding notes under the program will reach $2.717 billion. The funds raised are intended to supplement the guarantor group's operating capital.

The guarantee was approved by CITIC Securities' board and annual general meeting, falling within the scope of authorized debt financing activities. CSI MTN Limited, a special purpose vehicle (SPV), is 100% held by CITIC Securities International and has no other business activities beyond acting as a bond issuer.

As of the announcement date, CITIC Securities and its controlled subsidiaries' total external guarantees amount to 1,836.43 million yuan, all provided by the company or its controlled subsidiaries to their controlled subsidiaries. This represents 62.65% of the company's most recently audited net assets. The company reports no overdue guarantees.