New Issue: China’s Huatai Securities’ Pioneer Reward issues $400 million floaters due 2023

By Rebecca Melvin

New York, Feb. 12 – Pioneer Reward Ltd. sold $400 million floating-rate guaranteed bonds due 2023, 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, ICBC and JPMorgan were the global coordinators and were joined as lead managers and bookrunners by ABC International, Bank of Communications, CCB International, China Everbright Bank, Hong Kong Branch, China Merchants Securities (HK), China Minsheng Banking Corp., Ltd. (Hong Kong Branch), China PA Securities (Hong Kong) Co. Ltd., Citigroup, CMB International, Industrial Bank Co., Ltd. (Hong Kong Branch), Nanyang Commercial Bank 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:	Floating-rate guaranteed bonds
Amount:	$400 million
Maturity:	2023
Bookrunners:	Huatai Financial Holdings (Hong Kong) Ltd., Bank of China, ICBC and J.P. Morgan were the global coordinators and were joined as lead managers and bookrunners by ABC International, Bank of Communications, CCB International, China Everbright Bank, Hong Kong Branch, China Merchants Securities (HK), China Minsheng Banking Corp., Ltd. (Hong Kong Branch), China PA Securities (Hong Kong) Co. Ltd., Citigroup, CMB International, Industrial Bank Co., Ltd. (Hong Kong Branch), Nanyang Commercial Bank and Standard Chartered Bank
Announcement date:	Feb. 12
Listing date:	Feb. 13

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