Jiangxi Copper Plans Up to RMB25 Billion Onshore Debt Issue

Jiangxi Copper Company ( (HK:0358) ) has shared an update.

Jiangxi Copper Company is a major Chinese non-ferrous metals producer focused on copper mining, smelting and processing, supplying refined copper and related products to industrial and infrastructure sectors in China and global markets. As a large state-linked issuer with access to the domestic interbank bond market, it frequently uses onshore debt instruments to support its capital-intensive operations and expansion plans.

The company plans to register and issue up to RMB25 billion of non-financial corporate debt in China, split between medium-term notes of up to RMB15 billion and super-short-term financing bills of up to RMB10 billion, placed with institutional investors in the national interbank bond market. Proceeds will be used to repay interest-bearing loans, replenish working capital and fund mergers and acquisitions, signaling an effort to optimize its capital structure, lower financing costs and enhance financial flexibility, subject to shareholder authorization and market conditions.

The most recent analyst rating on (HK:0358) stock is a Hold with a HK$47.00 price target. To see the full list of analyst forecasts on Jiangxi Copper Company stock, see the HK:0358 Stock Forecast page.

More about Jiangxi Copper Company

Jiangxi Copper Company is a major Chinese non-ferrous metals producer focused on copper mining, smelting and processing, supplying refined copper and related products to industrial and infrastructure sectors in China and global markets. As a large state-linked issuer with access to the domestic interbank bond market, it frequently uses onshore debt instruments to support its capital-intensive operations and expansion plans.

The company plans to register and issue up to RMB25 billion of non-financial corporate debt in China, split between medium-term notes of up to RMB15 billion and super-short-term financing bills of up to RMB10 billion, placed with institutional investors in the national interbank bond market. Proceeds will be used to repay interest-bearing loans, replenish working capital and fund mergers and acquisitions, signaling an effort to optimize its capital structure, lower financing costs and enhance financial flexibility, subject to shareholder authorization and market conditions.

YTD Price Performance: 3.26%

Average Trading Volume: 24,028,832

Technical Sentiment Signal: Buy

Current Market Cap: HK$190B

For detailed information about 0358 stock, go to TipRanks’ Stock Analysis page.