HAITONG UT (01905) Plans to Issue Up to 700 Million Yuan Corporate Bonds

Stock News
04/14

HAITONG UT (01905) has announced its intention to conduct a follow-on issuance of its 2025 public offering of technology innovation corporate bonds (Digital Economy) (Series 1) targeted at professional institutional investors. The issuance period is scheduled for April 16, 2026, to April 17, 2026. The total issuance amount for this series of bonds will not exceed 700 million yuan (inclusive), with a maturity term of five years. On the interest payment date of the third accrual year, the issuer will have the option to adjust the coupon rate, and investors will have the right to sell the bonds back. The company plans to allocate no less than 70% of the raised funds to support the development of technology innovation enterprises in the digital economy sector. The remaining funds will be used to replace the principal of corporate bonds previously repaid using the company's own capital.

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