Zhi Tong Cai Jing·2025-10-14 13:16Core Points - Huatai Securities has announced the public issuance of subordinated corporate bonds totaling up to RMB 20 billion, which has received approval from the China Securities Regulatory Commission [1] - The bonds are divided into two varieties, with one having a maturity of 3 years and the other 5 years, and the total issuance amount for both varieties will not exceed RMB 5 billion [1] - The issuance price for the bonds is set at RMB 100 per bond, targeting professional institutional investors [1] Summary by Sections - Issuance Approval - Huatai Securities received approval from the China Securities Regulatory Commission for the public issuance of subordinated corporate bonds [1] - Bond Structure - The bonds consist of two varieties: Variety One with a 3-year term and Variety Two with a 5-year term [1] - The company has the option to adjust the allocation between the two varieties based on subscription demand, with a total issuance cap of RMB 5 billion [1] - Final Issuance Details - The issuance concluded on October 14, 2025, with Variety One having a final issuance size of RMB 4.1 billion and a coupon rate of 2.26%, achieving a subscription multiple of 1.54 times [2] - Variety Two had a final issuance size of RMB 0.9 billion with a coupon rate of 2.38%, achieving a subscription multiple of 2.03 times [2]