China Water Affairs boosts 2030 bond issue to fund green projects and debt refinancing

An update from China Water Affairs Group ( (HK:0855) ) is now available.

China Water Affairs Group has entered into a purchase agreement with a syndicate of international banks to issue an additional US$150 million of 5.875% senior notes due 2030, which will be consolidated into a single series with an existing US$150 million tranche of identical notes issued earlier. The transaction deepens the company’s access to U.S. dollar bond markets and extends its funding profile through fixed-rate debt.

The gross proceeds of about US$143 million from the new notes will be used to fund a concurrent offer to purchase existing obligations and to repay selected offshore indebtedness, supporting balance-sheet management and liability refinancing. The company also plans to allocate an amount equal to the gross proceeds to finance or refinance eligible green projects, especially water supply initiatives under its Green & Blue Finance Framework, underscoring its commitment to sustainable financing and environmental infrastructure investment.

The most recent analyst rating on (HK:0855) stock is a Buy with a HK$5.30 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.

More about China Water Affairs Group

China Water Affairs Group is a Hong Kong-listed utility company focused on water supply and related infrastructure services. The group develops, operates and finances water projects, with a particular emphasis on expanding and upgrading water supply systems, and increasingly aligns its financing activities with green and sustainable investment frameworks.

Average Trading Volume: 1,514,322

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.03B

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