Haitong’s Unican unit sets up $1 billion medium-term note program

By Sarah Lizee

Olympia, Wash., July 5 – China’s Unican Ltd. set up a $1 billion guaranteed medium-term note program, according to a Stock Exchange of Hong Kong Ltd. listing notice.

The program is guaranteed by Haitong UT Capital Group Co., Ltd., with a keepwell deed provided by Haitong Securities Co., Ltd.

The arrangers and dealers are Haitong International, Haitong Bank and Standard Chartered Bank.

Listing was expected for July 5.

The securities firm is based in Shanghai.

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