Huatai International subsidiary Pioneer Reward has successfully established a USD3 billion medium term note programme overseas, issuing bonds valued at USD800 million worldwide.
Huatai International’s parent company, Huatai Securities, acted as guarantor for the bond issuance. The medium term note programme was listed in Hong Kong and Singapore. The USD800 million worth of bonds, with a three-year maturity and 5.25% fixed interest rate, were listed in Hong Kong.
King & Wood Mallesons advised Pioneer Reward and Huatai Securities on English and Hong Kong law, while DeHeng Law Offices advised on PRC law, handled mainly by partner Hou Zhiwei and Zhang Yan. Harneys supported the issuer on British Virgin Islands law.
JunHe served as Chinese and international legal counsel for the arranger and dealer, Huatai International, as well as legal counsel for trustee HSBC. Partner Yu Yongqiang led the Chinese team. Partners Jean Zhang and Chris Tang acted as international legal counsel for the dealer on English and Hong Kong law. Partner Alex Lee led the team for the trustee.
The joint global co-ordinators, joint lead managers and joint bookrunners include Huatai Financial Holdings, the Bank of China, Bank of Communications, ICBC and HSBC. The joint lead managers and joint bookrunners include ABCI Capital, the Hong Kong branch of Shanghai Pudong Development Bank and SPDB International Capital.