Seazen Subsidiary to Raise US$355 Million via 11.8% Senior Notes Due 2029

Seazen Group Ltd. ( (HK:1030) ) just unveiled an announcement.

Seazen Group’s subsidiary New Metro Global Limited plans to issue US$355 million of 11.8% guaranteed senior notes due 2029, with the notes fully guaranteed by Seazen. The deal, arranged with initial purchasers including Citigroup Global Markets and Haitong International Securities, is expected to close on 9 March 2026, subject to conditions.

The issuance is expected to generate gross proceeds of about US$344.7 million, which will be used to fund a concurrent 2026 offer to purchase, refinance existing indebtedness and for general corporate purposes. The notes have received approval-in-principle for listing on the Singapore Exchange, signalling continued reliance on offshore bond markets, while investors are cautioned that completion remains conditional and the purchase agreement could still be terminated.

The most recent analyst rating on (HK:1030) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Seazen Group Ltd. stock, see the HK:1030 Stock Forecast page.

More about Seazen Group Ltd.

Seazen Group Limited is a Cayman Islands-incorporated company listed in Hong Kong and active in the real estate and property development sector. Through its financing subsidiaries, the group regularly taps international capital markets, with a focus on U.S. dollar bond issuance to support refinancing and general corporate funding needs.

Average Trading Volume: 33,819,939

Technical Sentiment Signal: Buy

Current Market Cap: HK$17.37B

Learn more about 1030 stock on TipRanks’ Stock Analysis page.