CSC Financial's (SHA:601066, HKG:6066) indirectly-owned unit, CSCIF Hong Kong, will receive a guarantee of 285 million yuan for issuing offshore medium-term bonds worth 270 million yuan, according to a Tuesday disclosure on the Shanghai bourse.
The bond is part of a $4 billion offshore medium-term note program.
The guarantee was from CSC International Holdings. A guarantee agreement was signed with HSBC Holdings (HKG:0005), which will act as a trustee to the guarantee.
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