Far East Horizon Updates $4 Billion Securities Programme

An announcement from Far East Horizon Limited ( (HK:3360) ) is now available.

Far East Horizon Limited has announced an update to its US$4 billion Medium Term Note and Perpetual Securities Programme, allowing for the issuance of notes and securities in series. This update, facilitated by UBS as the arranger, is designed to provide the company with enhanced flexibility and efficiency in future funding and capital management. The timing and amount of any drawdowns under the updated program will depend on market conditions and the company’s funding needs. The company intends to use the proceeds for working capital and general corporate purposes, with potential on-lending to its subsidiaries in the PRC.

The most recent analyst rating on (HK:3360) stock is a Buy with a HK$8.70 price target. To see the full list of analyst forecasts on Far East Horizon Limited stock, see the HK:3360 Stock Forecast page.

More about Far East Horizon Limited

Far East Horizon Limited operates in the financial services industry, focusing on providing a range of financing solutions. The company is known for its medium-term note and perpetual securities program, which is aimed at enhancing its capital management and funding flexibility.

Average Trading Volume: 8,861,460

Technical Sentiment Signal: Buy

Current Market Cap: HK$27.58B

For detailed information about 3360 stock, go to TipRanks’ Stock Analysis page.