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Citic Securities unit launches $3 billion medium-term note program
By William Gullotti
Buffalo, N.Y., March 30 – Citic Securities International Co., Ltd.’s indirectly and wholly owned subsidiary, CSI MTN Ltd., is listing a $3 billion medium-term note program (BBB+), according to an offering circular published on Wednesday.
The program is guaranteed by the parent company.
CLSA is serving as the dealer and arranger for the Regulation S program.
The program became effective March 29.
The issuer was incorporated in the British Virgin Islands on Dec. 30, 2021. The guarantor is wholly owned subsidiary of Citic Securities Co. Ltd., a state-owned conglomerate in China.
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