Huatai Securities' (SHA:601688, HKG:6886) indirect affiliate, Huatai International Finance, received a guarantee worth $99 million for the issuance of bonds, according to a Shanghai bourse filing on Thursday.
Huatai International Finance issued two tranches of medium-term bonds worth $60 million and HK$307 million. The bonds will be used to support business development and supplement daily working capital.
The guarantee is from Huatai International Financial Holdings, a subsidiary of the company, as part of an overseas medium-term bond program launched in October 2020.
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