Huatai Securities' (SHA:601688, HKG:6886) indirectly wholly-owned special purpose vehicle Huatai International Finance issued two tranches of bonds for $20 million, according to a Friday filing with the Shanghai Stock Exchange.
The SPV's parent and direct subsidiary of the listed company, Huatai International Financial, is the guarantor of the issuance.
The issuance is part of a $3 billion debt program launched in 2020.