Huatai Securities subsidiary issues $25.8m notes under existing program

Huatai Securities Co. Ltd. announced its indirect wholly-owned subsidiary, Huatai International Finance Co. Ltd., issued $25.80 million in medium-term notes. This issuance falls under an existing medium-term note program with a total principal amount of up to $3 billion, established in 2020. The notes are guaranteed by Huatai International Financial Holdings Company Ltd., a wholly-owned subsidiary of Huatai Securities.

Following this issuance, the total outstanding guaranteed amount under the program, including the current issuance, is $1.281 billion. This guarantee is provided to support business development and operational working capital needs. Huatai International Finance Co. Ltd. is an indirect wholly-owned subsidiary of Huatai Securities, with a debt-to-asset ratio exceeding 70%.

The company's board of directors and shareholders previously approved general authorization for overseas debt financing instruments, which includes providing guarantees for wholly-owned subsidiaries with debt-to-asset ratios over 70%. As of the announcement date, the total outstanding guarantees by Huatai Securities and its controlling subsidiaries amount to RMB 430.54 billion, all of which are for subsidiaries. The company has no overdue guarantees or guarantees provided to controlling shareholders or related parties.