By Toni Weeks
San Luis Obispo, Calif., Sept. 3 – Haitong International Securities Group Ltd. priced $600 million of 3.99% guaranteed bonds due 2019 in an international offering on Wednesday, according to a company announcement.
HSBC Ltd. will be the agent for the Regulation S offering. Haitong International Securities Co. Ltd., Deutsche Bank AG, Singapore Branch and KGI Asia Ltd. are the managers.
The bonds will be issued through subsidiary Haitong International Finance 2014 Ltd. and guaranteed by the parent company.
The proceeds will be used primarily for general corporate purposes.
The financial services company is based in Hong Kong.
| Issuer: | Haitong International Finance 2014 Ltd.
|
| Guarantor: | Haitong International Securities Group Ltd.
|
| Amount: | $600 million
|
| Maturity: | Sept. 11, 2019
|
| Description: | Guaranteed bonds
|
| Agent: | HSBC Ltd.
|
| Managers: | Haitong International Securities Co. Ltd., Deutsche Bank AG, Singapore Branch and KGI Asia Ltd.
|
| Coupon: | 3.99%
|
| Price: | 98.809% of par
|
| Trade date: | Sept. 3
|
| Ratings: | S&P: BBB (expected)
|
| Distribution: | Regulation S
|
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