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Prospect News home > News index > List of issuers H > Headlines for Haitong International Securities Group Ltd. > News item |
S&P rates Haitong notes BBB
S&P said it assigned its BBB long-term issue rating to the proposed five-year dollar-denominated bond by Haitong International Securities Group Ltd. (BBB/stable/A-2).
The agency said the rating on the issue reflects the long-term issuer credit rating on Haitong International Securities.
“The bond will constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer and shall at all times rank pari passu and without any preference among themselves,” the agency said in a news release.
“The issuer intends to use the proceeds for refinancing and general corporate purposes.”
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