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Geely Automobile Issues RMB2 Billion First-Tranche Medium-Term Notes in China Interbank Market

Story Highlights
  • Geely Automobile has issued RMB2 billion in two-year medium-term notes in China’s interbank bond market.
  • The notes carry a 1.55% first-year coupon, are unsecured, and feature a one-year coupon reset and investor put option.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Geely Automobile Issues RMB2 Billion First-Tranche Medium-Term Notes in China Interbank Market

Meet Samuel – Your Personal Investing Prophet

Geely Automobile Holdings ( (HK:0175) ) has issued an update.

Geely Automobile Holdings has issued its first tranche of onshore debt under a previously approved RMB10 billion programme, launching RMB2 billion of medium-term notes in China’s interbank bond market. The unsecured notes, called “Geely Automobile Holdings Limited 2026 First Tranche Medium-term Notes”, have a two-year term, an initial annual coupon of 1.55%, and are targeted at institutional investors.

The notes, issued at par and underwritten by a syndicate led by Bank of China, give Geely the right to reset the coupon after the first year while investors can exercise a put option at that time to sell back at par. Principal is due at maturity in May 2028, with annual interest payments, but if investors exercise the put option the repayment date accelerates to May 2027, reinforcing flexible funding options for Geely in the domestic bond market.

The most recent analyst rating on (HK:0175) stock is a Buy with a HK$28.00 price target. To see the full list of analyst forecasts on Geely Automobile Holdings stock, see the HK:0175 Stock Forecast page.

More about Geely Automobile Holdings

Geely Automobile Holdings Limited is a China-based automotive manufacturer incorporated in the Cayman Islands and listed in Hong Kong, with shares traded in both Hong Kong dollar and renminbi counters. The company focuses on producing and selling passenger vehicles and related automotive products, and it actively taps onshore renminbi capital markets for funding its operations and growth.

YTD Price Performance: 27.04%

Average Trading Volume: 84,540,651

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$246.6B

See more data about 0175 stock on TipRanks’ Stock Analysis page.

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