Huatai Securities issued $1 billion 3-year fixed-rate senior bonds, largest by Chinese brokers in past year
FEATURES
Huatai Securities issued $1 billion 3-year fixed-rate senior bonds, largest by Chinese brokers in past year
FEATURES

Huatai Securities issued $1 billion 3-year fixed-rate senior bonds, largest by Chinese brokers in past year

 

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Huatai Securities issued $1 billion 3-year fixed-rate senior bond on February 24, marking the first publicly offered medium-term offshore bond issued by Chinese securities firms in the tumultuous financial market this year.

The 3-year bond was priced at T3 + 80 basis points and the size of issuance set a new record for bonds of the same tenor issued by Chinese securities firms in the past year. 

The corporate credit rating of Huatai Securities is Baa1 (Moody’s/stable), BBB+ (S&P/stable), both of which are the highest in the industry. Bond issue rating is BBB+ (S&P).

The 3-year bond was issued by Pioneer Reward Limited, a wholly-owned subsidiary of Huatai International, and guaranteed by Huatai Securities.Â