Huatai Securities (SHA:601688) subsidiary Huatai International Finance issued $66 million in medium-term bonds under a $3 billion medium-term note program.
Proceeds will be used to support business development and working capital needs, according to a Friday filing with the Shanghai bourse.
The bonds are fully guaranteed by another company subsidiary, Huatai International. This brings the total outstanding bonds guaranteed under the program to $1.35 billion.
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