Paul Hastings Advises Haitong International on its Convertible Bond Offering

July 19, 2013

Hong Kong (July 19, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Haitong International Securities Group Limited (“Haitong International”), a subsidiary of Haitong Securities Co., Ltd., the second largest securities firm in China by total assets, in its issuance of HK$776 million 1.25% convertible bonds due 2018. HSBC acted as the sole global coordinator, bookrunner and lead manager on the transaction.

The net proceeds of the convertible bonds issuance will be used by Haitong International and its subsidiaries to fund the expansion of business operations and for general corporate purposes.

In 2012, Paul Hastings advised the underwriters on the US$1.68 billion Hong Kong initial public offering and listing of the H-shares of Haitong Securities Co., Ltd. on the Hong Kong Stock Exchange. This was one of the largest IPOs in Hong Kong last year and the transaction was awarded “Equity Deal of the Year 2012” by China Law & Practice. The Paul Hastings capital markets team also represented Haitong International in its HK$1.17 billion rights issue in early 2013.

The Paul Hastings team was led by

, partner and Chair of Greater China, and partners  and , with support from associates and .

Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.

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