China Agri-Products Exchange Issues HK$39 Million March 2038 Notes

China Agri-Products Exchange Limited ( (HK:0149) ) has provided an announcement.

China Agri-Products Exchange Limited has issued the first tranche of its series 5 March 2038 Notes under its HK$1 billion medium term note programme, raising HK$39 million in principal. The notes are unsecured, unlisted, and carry an effective interest rate ranging from about 1.9% to 5.4% per annum over their term depending on the timing of redemption.

Following this issuance, the company now has HK$211.5 million in aggregate principal amount of notes outstanding under the programme. The new March 2038 Notes, which mature on 27 March 2038 subject to early redemption provisions, further expand the company’s long-term funding base and diversify its capital structure through privately placed debt instruments.

The most recent analyst rating on (HK:0149) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on China Agri-Products Exchange Limited stock, see the HK:0149 Stock Forecast page.

More about China Agri-Products Exchange Limited

China Agri-Products Exchange Limited is a Bermuda-incorporated company listed in Hong Kong that raises capital through unsecured fixed-interest medium term notes. The group uses a Hong Kong dollar note programme to access debt investors, supporting its ongoing funding needs in the regional capital markets.

YTD Price Performance: -9.33%

Average Trading Volume: 2,124,343

Technical Sentiment Signal: Sell

Current Market Cap: HK$676.8M

Learn more about 0149 stock on TipRanks’ Stock Analysis page.