Huatai Securities' (SHA:601688, HKG:6886) unit, Huatai International Finance, will receive guarantee worth $75 million for the issuance of two tranches of medium-term bonds, according to a Shanghai bourse filing on Friday.

The bonds respectively amount to $55 million and $20 million.

Another subsidiary of the Chinese securities company, Huatai International Financial Holding, will provide the guarantee.

The issuance is part of a $3 billion offshore medium-term bond program that was launched in October 2020.

The company's Shanghai and Hong Kong shares both fell 2% during the morning trade.