Huatai Securities (06886) did not exercise the “21 Huatai Y1” issuer's right to renew the renewal option and pay the full amount

Zhitong Finance App News, Huatai Securities (06886) issued an announcement. According to the “Huatai Securities Co., Ltd. 2021 Public Offering of Perpetual Subsidiary Bonds (First Issue) Prospectus” (hereinafter referred to as “Prospectus”), Huatai Securities Co., Ltd. will publicly issue perpetual subordinated bonds (first instalment) to professional investors in 2021 (bond code: 188785.SH, bond abbreviation: 21 Huatai Y1, hereinafter referred to as “current bonds”) to set up issuer renewal options. Current bonds have 1 repricing cycle every 5 interest-bearing years. At the end of each repricing cycle, the issuer has the right to choose to extend the term of the current bond by 1 repricing cycle, or choose to pay the full amount of the current bond due at the end of the period. At the same time, current bonds have the issuer's right of redemption. On the fifth and subsequent interest payment dates of the current bond, the issuer has the right to redeem the current bond with interest payable at face value (including all deferred interest and its fruits).

Huatai Securities Co., Ltd. (hereinafter referred to as the “Company” or “Issuer”) completed the issuance of the current bond on September 17, 2021. September 17, 2026 is the 5th interest-bearing annual interest payment date for the current bond, that is, the end of the 1st repricing cycle. According to the relevant provisions of the “Prospectus”, at the end of the first repricing cycle of the current bond, the company has the right to choose to extend the term of the current bond by 1 repricing cycle, or choose to pay the full amount of the current bond due at the end of the period.

The company decided not to exercise the issuer's right to renew the current bond, that is, exercise the issuer's right to redeem the current bond and redeem the current bond when the full amount is paid on September 17, 2026.