China's Haitong Securities sets talk at Treasuries plus 280 bps area for five-year dollar notes

By Christine Van Dusen

Atlanta, Oct. 22 - China's Haitong Securities Co. Ltd. -through indirect wholly owned subsidiary Haitong International Finance Holdings Ltd. - set talk in the Treasuries plus 280 basis points area for an offering of five-year dollar-denominated and benchmark-sized notes, a market source said.

Bank of China, Deutsche Bank, Haitong International, Standard Chartered Bank, Barclays, HSBC, ICBC International, Nomura Securities, BofA Merrill Lynch, BNP Paribas, JPMorgan, UBS and Credit Suisse are the bookrunners for the Regulation S deal.

The proceeds will be used to meet business operation needs, adjust debt structure, supplement working capital or make investments.

The notes could price as soon as Tuesday.

The securities firm is based in Shanghai.

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