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Huatai Securities raises 8B yuan after overallotment
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Huatai Securities Co. Ltd. raised 8 billion yuan from a bond issuance after exercising an overallotment option of 2 billion yuan.
The brokerage raised 50 billion yuan from a three-year 3.79% tranche and 30 billion yuan from a five-year 3.97% tranche.
Huatai Securities had been set to raise 6 billion yuan from a bond issuance after obtaining regulatory approval to raise up to 14 billion yuan through issuing corporate bonds.
As of Dec. 15, US$1 was equivalent to 6.94 Chinese yuan.