New Issue: Haitong Unitrust unit prices RMB 1 billion of 3.65% notes due 2027

By William Gullotti

Buffalo, N.Y., March 20 – Haitong UT Brilliant Ltd. priced RMB 1 billion of 3.65% notes due 2027 under its renewed $1 billion guaranteed medium-term note program, according to a listing notice with an appended pricing supplement on Wednesday.

The notes are guaranteed by Haitong Unitrust International Financial Leasing Co. Ltd.

Haitong International Securities Co., Ltd., Haitong Bank, Macau Branch, Bank of China Ltd., Bank of Communications Co., Ltd., Hong Kong Branch, Industrial Bank Co., Ltd., Hong Kong Branch, Shenwan Hongyuan Securities (H.K.) Ltd., Hua Xia Bank Co., Ltd., Hong Kong Branch, China International Capital Corp. Hong Kong Securities Ltd., Bank of China (Hong Kong) Ltd., China Industrial Securities International Brokerage Ltd., CMBC Securities Co., Ltd., Zhongtai International Securities Ltd., TFI Securities and Futures Ltd. and Guotai Junan Securities (Hong Kong) Ltd. are the managers for the offering.

Proceeds will be used for general corporate purposes.

Listing for the Regulation S notes is expected on the Hong Kong Exchange effective March 20.

Haitong UT Brilliant Ltd. is a wholly owned subsidiary of Haitong Unitrust International Financial Leasing Co. Ltd., a commercial and industrial equipment leasing company based in China.

Issuer:	Haitong UT Brilliant Ltd.
Guarantor:	Haitong Unitrust International Financial Leasing Co. Ltd.
Amount:	RMB 1 billion
Issue:	Notes
Maturity:	March 19, 2027
Managers:	Haitong International Securities Co., Ltd., Haitong Bank, Macau Branch, Bank of China Ltd., Bank of Communications Co., Ltd., Hong Kong Branch, Industrial Bank Co., Ltd., Hong Kong Branch, Shenwan Hongyuan Securities (H.K.) Ltd., Hua Xia Bank Co., Ltd., Hong Kong Branch, China International Capital Corp. Hong Kong Securities Ltd., Bank of China (Hong Kong) Ltd., China Industrial Securities International Brokerage Ltd., CMBC Securities Co., Ltd., Zhongtai International Securities Ltd., TFI Securities and Futures Ltd. and Guotai Junan Securities (Hong Kong) Ltd.
Trustee:	Bank of New York Mellon, London Branch
Counsel to issuer:	Davis Polk & Wardwell (Hong Kong), Jia Yuan Law Offices (China)
Counsel to underwriters:	Clifford Chance (England), DeHeng Law Offices (China)
Coupon:	3.65%
Price:	Par
Yield:	3.65%
Call options:	In whole, but not in part, at par plus interest for taxation reasons or an event of default
Change of control:	At par plus interest
Non-registration event:	At par plus interest
Pricing date:	March 12
Issue date:	March 19
Listing date:	March 20
Distribution:	Regulation S
ISIN:	HK0000993441

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