Pioneer Reward Limited, an overseas wholly owned subsidiary of Huatai Securities Co., Ltd. (“Huatai Securities”, stock code: 601688.SH and 6886.HK), established an overseas medium term note programme on July 31, 2023, for the issue of notes in an aggregate principal amount equivalent to USD 3 billion. The programme was to be listed in Hong Kong and Singapore, under which the first tranche of USD 800 million 3-year senior unsecured notes with a fixed interest rate of 5.25% (the “Notes”) were closed on August 9, 2023, and were listed in Hong Kong. Huatai Securities acted as the guarantor (the “Project”).
Huatai Securities is a leading technology-driven securities group. Driven by its highly synergetic business model and cutting-edge digital platform, Huatai Securities has provided professional financial services such as wealth management, investment banking and investment management for individuals and institutional clients and is considered to be a titan in the industry. Huatai Securities provides comprehensive securities and financial services both online and offline and is developing into a first-class investment bank with local advantages and global influence. Huatai Securities was listed on the Shanghai Stock Exchange (601688.SH) on February 26, 2010, listed on the Hong Kong Stock Exchange (6886.HK) on June 1, 2015, and its global depository receipts were listed on the London Stock Exchange (HTSC) on June 17, 2019. Huatai Securities thus became the first Chinese company to be listed on the London Stock Exchange via the London-Shanghai stock connect and a Chinese financial institution listed in Shanghai, Hong Kong and London.
In this Project, JunHe acted as the PRC legal counsel to the underwriter, the international legal counsel to the underwriter and the legal counsel to the trustor, respectively. The legal services provided by the PRC legal counsel to the underwriter included conducting domestic legal due diligence, issuing PRC legal opinions, reviewing transaction documents, and other legal services in respect of PRC law-related issues involved in the Project. The legal services provided by the international legal counsel to the underwriter included drafting a full set of transaction documents, participating in the negotiation and amendment of the transaction documents, issuing overseas legal opinions, and other legal services in respect of foreign law-related issues involved in the Project. The legal services provided by the legal counsel to the trustor included reviewing transaction documents and relevant legal opinions. JunHe was recognized and trusted by the clients and other intermediaries for its consistent delivery of rigorous and efficient legal services and detail-oriented and professional expertise.
The Project is another representative project in which JunHe’s domestic and overseas teams joined efforts to provide one-stop legal services. The close cooperation between the firm’s domestic and overseas offices improved the efficiency of communication and saved time and costs to the clients.
The JunHe team acting as the PRC legal counsel to the underwriter was led by partnerYU, Yongqiang (YY) and the team acting as the international legal counsel to the underwriter was led by partnersZHANG, Zhijin (Jean) and Chris Tang. Partner Alex Lee led the JunHe team acting as the legal counsel to the trustor.
The JunHe team acting as the PRC legal counsel to the underwriter was led by partner YU, Yongqiang (YY). The JunHeand the team acting as the international legal counsel to the underwriter was led by partners ZHANG, Zhijin (Jean) and Chris Tang. Partner Alex Lee led tThe JunHe team acting as the legal counsel to the trustor. was led by partner Lee, Alex Jao Jang.
