Zhitong Finance App News, Huatai Securities (06886) issued an announcement that Huatai Securities Co., Ltd. (hereinafter referred to as the “issuer”) publicly issued perpetual subordinated bonds with a total face value of not more than RMB 20 billion (hereinafter referred to as “this bond”) to professional investors. On November 13, 2025, the China Securities Regulatory Commission issued “Approval to Register Perpetual Subsidiary Company Bonds” (Securities Regulatory License [2025] No. 2513).
According to the “2026 Issuance Notice of Huatai Securities Co., Ltd. Perpetual Subprime Bonds to Professional Investors (Fourth Issue)”, Huatai Securities Co., Ltd. publicly issues perpetual sub-prime bonds (fourth installment) (hereinafter referred to as “current bonds”) for a basic period of 5 years, with 1 repricing cycle for every 5 interest-bearing years. At the end of each repricing cycle, the company has the right to choose to extend the term of the current bond by 1 repricing cycle (that is, continue for 5 years) or pay the current bond in full. The coupon interest rate inquiry range for this issue is 1.30%-2.30%. The coupon interest rate is determined by negotiation between the issuer and the lead underwriter within the interest rate inquiry range based on the offline interest rate inquiry results.
On November 12, 2026, the issuer and lead underwriter made an offline inquiry for coupon interest rates from professional institutional investors. According to the results of the inquiry from offline professional institutional investors, the coupon interest rate for the current issue was determined to be 1.89% through agreement between the issuer and the lead underwriter.
The issuer will distribute offline to professional institutional investors from November 13, 2026 to November 16, 2026 at the above face rate.