New Issue: Huatai’s Pioneer Reward prices $800 million 5¼% notes due 2026

By Marisa Wong

Los Angeles, Aug. 9 – Huatai Securities Co., Ltd.’s subsidiary, Pioneer Reward Ltd., priced $800 million of 5¼% guaranteed notes due 2026, according to a notice. The notes are guaranteed by Huatai.

The bonds will be issued under the company’s recently launched $3 billion guaranteed medium-term note program.

Huatai International, Bank of China, Bank of Communications, ICBC, HSBC, Hua Xia Bank Co., Ltd. Hong Kong Branch, ABC International, Bank of China (Hong Kong), Bocom International, CNCB Capital, China Minsheng Banking Corp., Ltd., ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank are the joint lead managers and joint bookrunners.

Huatai International, Bank of China, Bank of Communications, ICBC, HSBC and Hua Xia are the joint global coordinators.

Pioneer Reward is a special-purpose entity, indirectly and wholly owned by Huatai, for issuances. The guarantor is a financial services company based in Nanjing, China.

Issuer:	Pioneer Reward Ltd.
Guarantor:	Huatai Securities Co., Ltd.
Amount:	$800 million
Issue:	Notes
Maturity:	2026
Bookrunners:	Huatai International, Bank of China, Bank of Communications, ICBC, HSBC, Hua Xia Bank Co., Ltd. Hong Kong Branch, ABC International, Bank of China (Hong Kong), Bocom International, CNCB Capital, China Minsheng Banking Corp., Ltd., ICBC International, Industrial Bank Co., Ltd. Hong Kong Branch and Shanghai Pudong Development Bank
Coupon:	5¼%
Pricing date:	Aug. 2
Listing date:	Aug. 10
Listing:	Hong Kong

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