China Water Affairs to Tap Global Market With Additional Green-Linked Dollar Notes

The latest announcement is out from China Water Affairs Group ( (HK:0855) ).

China Water Affairs Group plans an international issuance of additional U.S. dollar-denominated senior notes that will be consolidated into a single series with its existing US$150 million 5.875% senior notes due 2030, expanding that line of debt. The pricing and size of the new tranche will be set via a book-building process led by a syndicate of global coordinators and bookrunners, after which the company and subsidiary guarantors expect to sign a purchase agreement with initial purchasers.

Net proceeds from the additional notes will be used to fund a concurrent offer to purchase existing obligations and repay other offshore debt, helping the company manage its liability profile. The group also intends to allocate an amount equal to the gross proceeds to finance or refinance eligible green projects, particularly water supply initiatives, under its Green & Blue Finance Framework, underscoring its commitment to sustainable infrastructure financing.

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 across mainland China. The group develops, operates and finances water treatment and distribution projects, with a growing emphasis on green and sustainable financing instruments to support long-term expansion of its water services portfolio.

YTD Price Performance: -5.38%

Average Trading Volume: 1,511,351

Technical Sentiment Signal: Sell

Current Market Cap: HK$8.03B

See more data about 0855 stock on TipRanks’ Stock Analysis page.