DeHeng Once Again Assisted Huatai Securities in Setting Up an Offshore Medium-Term Note Scheme and Completing the Initial Drawdown Bond Issuance

2023-08-15

On July 31, 2023, Huatai Securities Co., Ltd. established a USD 3 billion medium-term note scheme overseas through Pioneer Reward Limited, a subsidiary of its wholly-owned subsidiary, Huatai International Financial Holdings Limited, and issued a USD 800 million bond with a coupon of 5.25% to global investors under the scheme on August 9, 2023. Huatai Securities provided guarantees for the scheme and the initial drawdown bond issuance.

As the PRC legal counsel to Huatai Securities for the offering, the DeHeng team, with primary support from Hou Zhiwei, Zhang Yan, Hu Xueyuan, Yang Youqi and Liu Chen, once again assisted the company in establishing the medium-term note scheme and completing the initial drawdown bond issuance.