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Ganfeng Lithium Co ( (HK:1772) ) has issued an announcement.
Ganfeng Lithium Group has completed the issuance of its 2026 first tranche green medium-term notes in China’s interbank market, raising RMB710 million at an interest rate of 1.97% with a 366-day term. The notes, registered within a broader RMB5 billion medium-term note program accepted in 2024, were led and underwritten by CITIC Securities alongside several major Chinese banks.
The proceeds, after underwriting fees, will be used to repay an existing green short-term commercial paper, effectively refinancing the company’s green debt at what appears to be a relatively low cost. The move is aimed at optimizing Ganfeng Lithium’s debt structure, reducing financing costs, and supporting its business development, which may strengthen its liquidity position and reinforce its standing in the green financing market.
The most recent analyst rating on (HK:1772) stock is a Hold with a HK$75.82 price target. To see the full list of analyst forecasts on Ganfeng Lithium Co stock, see the HK:1772 Stock Forecast page.
More about Ganfeng Lithium Co
Ganfeng Lithium Group Co., Ltd. is a China-based company operating in the lithium industry, supplying lithium products and materials to sectors such as batteries and new energy. Listed in Hong Kong under stock code 1772, the group focuses on expanding its financing channels to support ongoing business development and to optimize its capital and debt structure.
YTD Price Performance: 57.94%
Average Trading Volume: 14,419,664
Technical Sentiment Signal: Buy
Current Market Cap: HK$189.7B
Learn more about 1772 stock on TipRanks’ Stock Analysis page.