Haitong Securities Gets Nod to Amend Bond Terms Amid Merger with Guotai Junan

MT Newswires Live
31 Jan

Haitong Securities (SHA:600837, HKG:6837) obtained consent from holders of certain bonds to make amendments to the terms of the debt securities, a Jan. 22 bourse filing said.

The consent was sought to reflect changes amid the proposed merger of Haitong Securities and Guotai Junan Securities (SHA:601211, HKG:2611).

The bonds comprise 2.8 billion yuan of 3.2% guaranteed notes due 2026 and 3.5 billion yuan of 3.3% guaranteed bonds maturing in 2027. Both sets of bonds were issued by Haitong International Finance and guaranteed by its parent, Haitong Securities.

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