Huatai Securities backs subsidiary's $550m medium-term notes issuance

Huatai Securities Co., Ltd. announced that its indirect wholly-owned subsidiary, Huatai International Finance Company Limited, will issue two tranches of medium-term notes totaling $0.55 billion under an existing program. These notes, amounting to $0.25 billion and $0.30 billion respectively, will be guaranteed by Huatai International. This issuance raises the total outstanding guaranteed amount to $12.80 billion.

The guarantees are intended to support business development and provide working capital for Huatai International Finance, a subsidiary of Huatai International. Huatai Securities maintains 100% ownership through Huatai International, allowing for close oversight of its solvency and managing potential risks.

The guarantee falls under a previously approved general authorization for offshore debt financing instruments, extending until the 2025 annual general meeting. As of the announcement date, the total external guarantees by Huatai Securities and its controlling subsidiaries amount to RMB430.47 billion, with RMB339.09 billion specifically for controlling subsidiaries. The company currently has no overdue guarantee debts.