New Issue: Hong Kong’s Haitong sells $400 million 3 1/8% bonds due 2025 at 99.415

By Wendy Van Sickle

Columbus, Ohio, Nov. 6 – Haitong International Securities Group Ltd. sold $400 million of 3 1/8% bonds (Baa2/BBB) due 2025 at 99.415 on Wednesday, according to a notice.

Haitong International Securities Company Ltd., Malayan Banking Berhad, Mizuho Securities Asia Ltd., Orient Securities (Hong Kong) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Securities Co. Ltd., CMB International Capital Ltd., Haitong Bank, SA, Hongkong and Shanghai Banking Corp. Ltd., SPDB International Capital Ltd. and Standard Chartered Bank are the managers for the Regulation S offering.

Proceeds of the Regulation S bonds will be used primarily for refinancing existing debt and general corporate purposes.

The financial services company is based in Hong Kong.

Issue:	Haitong International Securities Group Ltd.
Issue:	Bonds
Amount:	$400 million
Maturity:	May 18, 2025
Bookrunners:	Haitong International Securities Company Ltd., Malayan Banking Berhad, Mizuho Securities Asia Ltd., Orient Securities (Hong Kong) Ltd., China Everbright Bank Co., Ltd., Hong Kong Branch, China Minsheng Banking Corp., Ltd., Hong Kong Branch, CMBC Securities Co. Ltd., CMB International Capital Ltd., Haitong Bank, SA, Hongkong and Shanghai Banking Corp. Ltd., SPDB International Capital Ltd. and Standard Chartered Bank
Coupon:	3 1/8%
Price:	99.415
Put option:	At 101 under a change of control
Pricing date:	Nov. 6
Settlement date:	Nov. 18
Rating:	Moody’s: Baa2
	S&P: BBB
Distribution:	Regulation S

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