Ge Long Hui·2025-11-11 11:46Core Viewpoint - Huatai Securities announced the issuance of subordinated bonds (Fifth Phase) aimed at professional investors, with a total issuance cap of 5 billion yuan [1] Group 1: Bond Issuance Details - The bonds are divided into two varieties: one with a maturity of 3 years and the other with a maturity of 5 years [1] - The final issuance scale for the first variety is 1.5 billion yuan with a coupon rate of 2.03% and a subscription multiple of 3.07 times [1] - The final issuance scale for the second variety is 1.1 billion yuan with a coupon rate of 2.20% and a subscription multiple of 2.94 times [1] Group 2: Issuance Mechanism - The bond issuance includes an inter-species allocation option, with no limit on the allocation ratio [1] - The company will decide whether to exercise the inter-species allocation option based on the subscription situation within the issuance scale [1]