Core Points - Huatai Securities announced the public issuance of subordinated corporate bonds totaling up to RMB 20 billion, which received approval from the China Securities Regulatory Commission on July 31, 2024 [1] - The third phase of the subordinated bond issuance is set for 2025, with a maximum issuance scale of RMB 5 billion and a maturity of 5 years [1] - The final issuance scale for the current bond is RMB 1 billion, with a coupon rate of 2.24% and a subscription multiple of 3.30 times [1]

Core Viewpoint - Huatai Securities has successfully completed the issuance of its third tranche of subordinated bonds aimed at professional investors, with a total issuance size of 1 billion yuan and a coupon rate of 2.24% [1] Group 1: Issuance Details - The issuance work for the subordinated bonds concluded on September 22, 2025 [1] - The final issuance scale of the bonds is 1 billion yuan [1] - The subscription multiple for the bonds was 3.30 times [1]

Group 1 - Huatai Securities announced the completion of its public issuance of subordinated bonds (Phase III) for professional investors on September 22, 2025 [1] - The total issuance scale of this bond is 1 billion yuan, with a coupon rate of 2.24% [1] - The subscription multiple for this bond issuance was 3.30 times [1]