China Securities Co., Ltd. provided guarantee for the issuance of $100 million notes by SCIF Hong Kong Limited.
CITIC Securities (06066) announced that the issuer (its indirect wholly-owned subsidiary CSCIF H...) has released a notice.
China Securities Co., Ltd. (stock code 06066) announced that the issuer (its indirect wholly-owned subsidiary CSCIF Hong Kong Limited) completed the issuance of a note under the medium-term note program on November 13, 2024 (referred to as the "current note") with a principal amount of 100 million US dollars and a term of 3 years.
On November 13, 2024, the company, as the guarantor, signed a guarantee agreement with the trustee, HSBC Bank (Hong Kong) Limited, to provide an unconditional and irrevocable joint and several liability guarantee (referred to as the "current guarantee") for the issuer's payment obligations under the current note. The amount of this guarantee is 100 million US dollars. There is no counter-guarantee for this guarantee.
As of the issuance of the current note, the company, as the guarantor, has provided an unconditional and irrevocable joint and several liability guarantee for the payment obligations of the outstanding notes under the medium-term note program for the issuer. After the issuance of the current note, the company's guarantee balance for the issuer is approximately 864 million US dollars equivalent (including the current guarantee).
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