Everbright Securities Co. Ltd.'s board approved a measure to issue up to HK$20 billion worth of overseas debt financing instruments.

The company said March 26 that the types of debt instruments to be issued include commercial loans, bonds, subordinated debentures or structured notes. The instruments' term will not be longer than 10 years and could be issued with a single term or a hybrid of instruments with multiple terms.

The company noted that it will use proceeds from the issuance of such instruments for its business operations needs, adjust its debt structure and replenish working capital.