Haitong talks five-year notes at Treasuries plus 220 bps-225 bps

By Christine Van Dusen

Atlanta, April 14 – China’s Haitong International Securities Co. Ltd. – through indirect wholly owned subsidiary Haitong International Finance Holdings Ltd. – set talk for a dollar-denominated offering of benchmark-sized notes due in five years, a market source said.

The notes were talked at a spread of Treasuries plus 220 basis points to 225 bps.

Haitong International, Standard Chartered Bank, BESI and CMBI are the bookrunners for the Regulation S deal.

The proceeds will be used to increase share capital and for other general corporate purposes.

The securities firm is based in Shanghai.

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