Hong Kong’s Haitong relists $1 billion medium-term note program

By William Gullotti

Buffalo, N.Y., March 11 – Haitong UT Brilliant Ltd., a wholly owned subsidiary of Haitong Unitrust International Financial Leasing Co. Ltd., has renewed its $1 billion guaranteed medium-term note program on the Stock Exchange of Hong Kong Ltd., according to a listing notice with an appended program circular on Monday.

Program offerings will continue to be issued by the subsidiary and guaranteed by the parent.

Haitong International and Haitong Bank are again the agents and dealers for the Regulation S program. Haitong Securities is the PRC coordinator.

Bank of New York Mellon, London Branch is the trustee.

Davis Polk & Wardwell and Jia Yuan Law Offices are counsel to the issuer. Clifford Chance and DeHeng Law Offices are advising the underwriters.

The 12-month, Regulation S program is expected to become effective March 11.

The commercial and industrial equipment leasing company is based in China.

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