Linklaters advises on Huatai Securities’ HK$10bn convertible bond offering

Press Contact

Aditi Raisurana
Asia Communications and Events Manager
+65 9235 8647
aditi.raisurana@linklaters.com

Linklaters has advised the bookrunners on the issuance by Huatai Securities Co., Ltd. (Huatai Securities) of HK$10bn 363-day convertible bonds. The bonds carry a zero coupon and zero yield to maturity.

The transaction is one of the largest 363-day convertible bond offerings in the Hong Kong SAR market in recent years and represents a continuing trend of issuers opting for short tenor equity-linked instruments. It further broadens the range of equity-linked financing instruments available to issuers in the PRC securities sector in Hong Kong SAR, further bolstering the sector’s profile in the international capital markets.

The Linklaters team was led by capital markets partner Taiki Ki, with support from Jun Tang, Yanting Sun, Chengyi Xu, Geoff Lo and Adora Li.