New Issue: China’s Huatai Securities’ Pioneer unit issues $500 million 3 3/8% three-year bonds

By Wendy Van Sickle

Columbus, Ohio, May 24 – Pioneer Reward Ltd. sold $500 million of 3 3/8% three-year bonds, according to a listing notice with the Stock Exchange of Hong Kong.

The notes are guaranteed by Huatai Securities Co., Ltd.

Huatai Financial Holdings (Hong Kong) Ltd., Bank of China and J.P. Morgan were the global coordinators and were joined as lead managers and bookrunners by ABC International, CCB International, China Everbright Bank, Hong Kong Branch, Citigroup, China Minsheng Banking Corp., Ltd. (Hong Kong Branch), CMB International, ICBC Industrial Bank Co., Ltd. (Hong Kong Branch), Ping An of China Securities (Hong Kong) Co. Ltd., SPDB International and Standard Chartered Bank.

The issuer is a financial services company based in Nanjing, China.

Issuer:	Pioneer Reward Ltd.
Guarantor:	Huatai Securities Co., Ltd.
Issue:	Guaranteed bonds
Amount:	$500 million
Maturity:	2022
Bookrunners:	Huatai Financial Holdings (Hong Kong) Ltd., Bank of China, J.P. Morgan, ABC International, CCB International, China Everbright Bank, Hong Kong Branch, Citigroup, China Minsheng Banking Corp., Ltd. (Hong Kong Branch), CMB International, ICBC Industrial Bank Co., Ltd. (Hong Kong Branch), Ping An of China Securities (Hong Kong) Co. Ltd., SPDB International and Standard Chartered Bank
Coupon:	3 3/8%

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