Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The latest update is out from Kuaishou Technology Class B ( (HK:1024) ).
Kuaishou Technology has entered into purchase agreements with a syndicate of international banks to issue US$600 million 4.125% senior notes due 2031, US$900 million 4.750% senior notes due 2036 and CNY3.5 billion 2.450% senior notes due 2031, raising gross proceeds of about US$1.49 billion and CNY3.5 billion. The notes, which will be listed in Hong Kong for trading by professional investors only and sold primarily to institutional buyers under Rule 144A and Regulation S, are intended to fund general corporate purposes, underscoring Kuaishou’s effort to diversify its funding sources and deepen access to offshore debt markets, although completion remains conditional and subject to potential termination under the purchase agreements.
Kuaishou’s multi-currency bond issuance signals a strategic move to strengthen its balance sheet and secure relatively long-term funding at fixed rates, potentially supporting continued investment in its core video and live-streaming ecosystem and related expansion initiatives. By tapping both US dollar and offshore renminbi markets and working with a broad consortium of global and Chinese banks, the company reinforces its standing in international capital markets, while investors are cautioned that the deal is not yet unconditional and that listing approval does not equate to an endorsement of the company’s credit quality or the merits of the securities.
The most recent analyst rating on (HK:1024) stock is a Hold with a HK$87.00 price target. To see the full list of analyst forecasts on Kuaishou Technology Class B stock, see the HK:1024 Stock Forecast page.
More about Kuaishou Technology Class B
Kuaishou Technology is a Cayman Islands-incorporated company listed in Hong Kong and controlled through weighted voting rights. It operates in the technology and internet sector, best known for its short-video and live-streaming platforms that target mass-market consumers in China and increasingly overseas, monetising through advertising, live-streaming services and other online value-added offerings.
Average Trading Volume: 33,144,268
Technical Sentiment Signal: Buy
Current Market Cap: HK$357.8B
For a thorough assessment of 1024 stock, go to TipRanks’ Stock Analysis page.