Guotai Haitong Securities (SHA:601211, HKG:2611) subsidiary Guotai Junan Holdings issued 500 million yuan in medium-term securities, according to a Saturday disclosure to the Shanghai Stock Exchange.
The bonds form part of a $3 billion issuance program started in 2021. Proceeds will go to refinancing.
Guotai Haitong Financial provided a guarantee of 508 million yuan for the issuance.
Shares slipped 1% in Shanghai during the midday break on Monday.
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