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Deals and Awards

The awards are of the exclusive responsibility of the awarding entities

Sao Paulo

Infrastructure Debenture

Capital Markets Autopista Fernão Dias

Haitong acted as bookrunner on BRL 65 million 10-year Infrastructure Debenture.

Lisbon

Commercial Paper Programme

2016 CM Colep

On 7th November 2016 Haitong Bank and Colep Portugal, S.A. signed a commercial paper programme in the amount of € 15,000,000.

Haitong Bank is the Sole Dealer Manager of the Programme.

Lisbon

Exchange Offer/

Issuance of floating rate notes

due 2024

Capital Markets Celbi

On 15th November 2016, Celulose Beira Industrial (Celbi), S.A. (“Celbi”) announced the results of the exchange offer addressed exclusively to qualified investors, targeting the issuer’s outstanding €80m floating rate notes due 2019 for new floating rate notes due February 2024.

Pursuant to the exchange offer, €47.3m notes were exchanged. Additionally, new floating rate notes in the amount of €17.7m were placed with investors, resulting in a total size for the new bond of €65m.

The new floating rate notes due 2024 have a coupon equal to Euribor + 2.45%.

Haitong Bank acted as Sole Dealer Manager and Sole Bookrunner of the transaction.

Lisbon

Bridge Loan & Advisory in the preparation of the closing and settlement of a transaction

AF Reditus

Bridge Loan provided to Reditus Gestão and support in preparing and executing the closing/settlement of the sale of one of its subsidiaries (ROFF – Consultores Independentes) to Gfi Portugal

Warsaw

Bond Issue

Capital Markets HB Reavis Group

Haitong Bank acted as a Co-Arranger and Joint Bookrunner in the 4.5 year PLN 100 mn bond issue by HB Reavis Finance PL 2 Sp. z o.o. – an SPV of HB Reavis Group which is a leading commercial real estate developer operating in the CEE region and London market.

Sao Paulo

Commercial Paper

CM Ouro Verde

Haitong in Brazil acted as Lead Manager for the issue of BRL 30 mln commercial paper of Ouro Verde.

Warsaw

Bond Issue

CM Arctic Paper

Haitong Bank acted as sole arranger in PLN 100 mn bond issue for Arctic Paper S.A., a Polish and Swedish graphical paper and pulp producer.

London

Haitong International Securities Group Limited

Zero Coupon Convertible Bond

Capital Markets Haitong International Securities Group Limited

On 11 October 2016 Haitong Securities (UK) Limited acted as Joint Bookrunner on HKD3.88bn (~USD500m equiv.) 5 year (puttable in 2019) convertible bond (“CB”) for HISGL via swift intra-day execution. This successful transaction marks the borrower’s largest CB and its first zero coupon CB transaction to date. Proceeds from this offering will be used to support the expansion of business operations.

HISGL has issued two CBs previously and both hit their conversion prices within a year after issuance: HKD1bn 1.25% 5yr in July 2013 (tapped for HKD232m in September 2013) and HKD1.164bn 1.25% 5yr in October 2014.

In terms of timing, the borrower took advantage of an optimal issuance window with sufficient capital liquidity in the international capital markets before the U.S. Presidential Elections and possible Fed interest-rate hike and right after China’s Golden Week holiday.

The zero coupon, Reg S-only deal was launched with full dividend protection, 0.00%-0.500% YTP and a conversion premium range of 30%-40%. 140m stock borrow facility was provided - equivalent to ~25% of the deal.

Following strong investor reception the deal was ultimately priced at 0.500% YTP and a 32% conversion premium, which translated to a final conversion price of HKD6.8112.

In terms of allocations by type of investor, Asset Managers accounted for 60% and Hedge-funds accounted for 40%.

Final orderbook was oversubscribed with HKD11bn in orders from global institutional investors. Demand was granular and largely driven by European long-only funds accounting for 58% of allocations. The remaining demand came from Asia accounting for 37% and Off-shore US for 5%.

This successful transaction enabled HISGL to further diversify its funding sources and expand its investor base, particularly within the European investor community. HISGL achieved its target of 0% coupon, which significantly reduced the borrower’s financing cost setting a precedent benchmark for further CB issuance out of Asia.

Award

M&A Deal of the Year

World Finance M&A Deal of the Year

The Acquisition of BESI by Haitong Securities has been awarded in the category of M&A Deal of the Year by the leading financial publication, World Finance.

The EUR 379 million acquisition has had significant support from voters in this year’s program, and has received a number of key commendations from the Judging Committee. The deal is considered landmark for a number of reasons, chiefly for marking the first ever acquisition by a Chinese security broker of a European investment bank.

World Finance has praised the strategic importance of the deal for Haitong Securities – in setting a new milestone of expansion into becoming a world class investment bank; boosting the investment banks range of financial services to domestic and overseas clients, and enabling a strong platform for Haitong’s global outreach into developed and emerging markets,

The deal is considered landmark for China, for providing strong exposure of Chinese services to overseas institutional clients.

Lisbon

Financial advisory in the sale of    CONTACT Portugal

and

CONTACT Mozambique

CF Contact

Financial advisory in the sale of CONTACT Portugal and CONTACT Mozambique

Lisbon

REN Finance B.V.

Tap of 2.5% Notes due February 2025

Capital Markets - REN

On October 7th 2016, REN Finance BV announced and priced a successful senior unsecured bond issue tap in the amount of €200 million, of its existing €300 million bond due February 2025, increasing the total amount of the bond to €500 million.

The transaction priced at Mid Swaps + Spread of 135bp. Haitong Bank acted as Joint Bookrunner in this transaction.

Lisbon

Acquisition of the healthcare services

provider S.C.H. Group

(pending closing)

Corporate Finance Luz Saude

Haitong Bank advised Luz Saúde Group in the acquisition of S.C.H. Group (a healthcare services provider located in the Madeira region).

No results were found.