New Issue: Haitong International Securities sells $300 million 2 1/8% five-year bonds at 99.934

By Rebecca Melvin

New York, May 12 – Haitong International Securities Group Ltd. sold $300 million 2 1/8% bonds due May 20, 2026 (Baa2/BBB) at 99.934, according to a notice with the Stock Exchange of Hong Kong Ltd.

The bonds are not callable and have a change of control put at 101.

The managers of the Regulation S deal are Haitong International Securities Co. Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, the Hongkong and Shanghai Banking Corp. Ltd., Mizuho Securities Asia Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Australia and New Zealand Banking Group Ltd., The Bank of East Asia Ltd., BOSC International Co. Ltd., China Citic Bank International Ltd., China Everbright Bank Co. Ltd., Hong Kong Branch, China Everbright Securities (HK) Ltd., China Minsheng Banking Corp. Ltd., Hong Kong Branch, China PA Securities (Hong Kong) Co. Ltd., CMBC Securities Co. Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Orient Securities (Hong Kong) Ltd., , Oversea-Chinese Banking Corp. Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, SPDB International Capital Ltd. and Standard Chartered Bank.

Proceeds will be used mainly for refinancing and general corporate purposes.

The financial services company is based in Hong Kong.

Issuer:	Haitong International Securities Group Ltd.
Issue:	Bonds
Amount:	$300 million
Maturity:	May 20, 2026
Managers:	Haitong International Securities Co. Ltd., Bank of Communications Co. Ltd. Hong Kong Branch, the Hongkong and Shanghai Banking Corp. Ltd., Mizuho Securities Asia Ltd., Agricultural Bank of China Ltd. Hong Kong Branch, Australia and New Zealand Banking Group Ltd., The Bank of East Asia Ltd., BOSC International Co. Ltd., China Citic Bank International Ltd., China Everbright Bank Co. Ltd., Hong Kong Branch, China Everbright Securities (HK) Ltd., China Minsheng Banking Corp. Ltd., Hong Kong Branch, China PA Securities (Hong Kong) Co. Ltd., CMBC Securities Co. Ltd., Industrial and Commercial Bank of China (Asia) Ltd., Industrial Bank Co. Ltd. Hong Kong Branch, Orient Securities (Hong Kong) Ltd., , Oversea-Chinese Banking Corp. Ltd., Shanghai Pudong Development Bank Co. Ltd., Hong Kong Branch, SPDB International Capital Ltd. and Standard Chartered Bank
Trustee:	HSBC Ltd.
Coupon:	2 1/8%
Price:	99.934
Call:	Non-callable
Change of control:	At 101
Pricing date:	May 11
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	Regulation S

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