Guotai Haitong successfully issued the first offshore bond in the Shanghai Free Trade Zone by a non-bank financial institution
On December 11, Haitong Group's subsidiary Guotai Junan International Holdings Limited ("Guotai Junan International" or "the Company", stock code:$GUOTAI JUNAN I(1788.HK)) acted as the lead placement agent, assisting Guotai Haitong Financial Holdings Limited (hereinafter referred to as "Guotai Haitong Financial Holdings") in successfully issuing the first Shanghai Free Trade Offshore Bond by a non-bank financial institution, with an issuance size of 500 million offshore RMB, a maturity of 364 days, and a coupon rate of 1.8%, registered and custodied by Shanghai Clearing House.
This issuance is the first Shanghai Free Trade Offshore Bond issued with a Chinese securities firm as the credit entity, and also one of the largest single issuances since the launch of Shanghai Free Trade Offshore Bonds. The issuance follows the principle of "both ends abroad" for issuance and investment, attracting numerous overseas investors to open accounts with Shanghai Clearing House and actively subscribe, helping to expand the investor base for Shanghai Free Trade Offshore Bonds and promote the construction of an offshore financial system that matches Shanghai's status as an international financial center.
This Shanghai Free Trade Offshore Bond marks Guotai Haitong Financial Holdings' debut in the international capital market after its renaming. After receiving a BBB+ long-term credit rating (outlook "stable") from S&P in August this year, Guotai Haitong Financial Holdings has successively completed the issuance of exchangeable bonds and Shanghai Free Trade Offshore Bonds within the year, further enriching its offshore financing tool reserves and solidifying its independent offshore financing capabilities. This bond issuance also fully leveraged the internal synergies within the Guotai Haitong Group, with Guotai Haitong Financial Holdings coordinating with the group headquarters, and Guotai Junan International, Haitong International, Haitong Bank, etc., jointly acting as placement agents, effectively ensuring the successful issuance of the bonds.
About Guotai Junan International
Guotai Junan International, a subsidiary of Guotai Haitong Group (stock code:$GUOTAI JUNAN I(1788.HK)), is a pioneer and leader in the internationalization of Chinese securities firms. The company was the first Chinese securities firm to list on the Main Board of the Hong Kong Stock Exchange through an IPO. With Hong Kong as its business base and subsidiaries in Singapore, Vietnam, and Macau, Guotai Junan International covers major global markets, providing clients with high-quality, diversified comprehensive financial services for offshore asset allocation. Its core businesses include wealth management, institutional investor services, corporate finance services, and investment management. Currently, Guotai Junan International has been assigned long-term issuer ratings of "Baa2" and "BBB+" by Moody's and S&P, respectively, an MSCI ESG rating of "A", a Wind ESG rating of "A", and a SynTao Green Finance ESG rating of "A", while its S&P Global ESG score leads 84% of its global peers. The company's controlling shareholder, Guotai Haitong Securities (stock code:$Guotai Haitong(601211.CN)/2611.HK), is a comprehensive financial service provider with long-term, sustained, and comprehensive leadership in China's capital markets.
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