Haitong Bank reports a Net Profit increase for 2023
Haitong Bank increases the Net Profit by 55%, reporting €17 million
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Haitong Bank increases the Net Profit by 55%, reporting €17 million
The Bank ended the first half of the year with a net profit of 4.5 million euros
7.50% Bonds due 2027
Haitong Bank's Macau Branch acted as the Joint Lead Manager and Joint Bookrunner of Chengdu Yunlai Investment Group Co., Ltd.'s USD 70 million bond issue, with a coupon of 7.5% and a 3-year tenor with guarantee by Tianfu Bond Insurance Co., Ltd.
The Issuer intend to use the proceeds from this offering for developing businesses of the Issuer Group and replenishing working capital.
5.2% Bonds due 2027
Haitong Bank's Macau Branch acted as Joint Global Coordinator, Joint Lead Manager and Joint Bookrunner of Sanming City Construction and Development Group Co., Ltd.'s CNY 410 million bond issue, with a coupon of 5.2% and a 3-year tenor.
The net proceeds from the Bonds are intended to be used for Project construction and replenishing working capital.
Sale of a Solar PV Plant
(25 MW)
Haitong acted as exclusive financial adviser to the France-based asset manager Mirova in the sale of a 25MW Solar PV plant in Évora (south of Portugal).
The Solar PV plant, commissioned in 2019, operates under a pay-as-produced PPA agreement with a reputable offtaker.
Loan Facility
Haitong Bank's Warsaw Branch, acted as Sole Arranger of a credit facility with RCI Banque S.A. Branch in Poland - an international automotive financial services company that provides a broad range of financial services to private and corporate clients, such as credit, leasing and insurance to the local market.
Haitong Bank's team involved in this transaction included Tomasz Wirth, Katarzyna Chrustek and Sylwia Jaroszek with a strong support of the Credit and Risk Management and Legal Departments.