Shui On Land Subsidiary Raises US$300 Million via 2029 Senior Notes

Shui On Land ( (HK:0272) ) has issued an update.

Shui On Land’s subsidiary Shui On Development has priced a US$300 million issuance of 9.75% senior notes due 2029, with the notes to be guaranteed by Shui On Land and listed on the Singapore Exchange. The company expects net proceeds of about US$291 million, which will be used primarily to fund a concurrent offer to purchase existing securities, with any remaining funds earmarked for refinancing other indebtedness and general corporate purposes, underscoring the group’s ongoing liability management and capital structure optimization.

The most recent analyst rating on (HK:0272) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shui On Land stock, see the HK:0272 Stock Forecast page.

More about Shui On Land

Shui On Land Limited is a Hong Kong-listed property developer incorporated in the Cayman Islands, primarily engaged through its subsidiaries in real estate development and investment, with a focus on large-scale urban projects in mainland China. The group finances its operations partly through international capital markets, including the issuance of U.S. dollar-denominated senior notes to global institutional investors.

YTD Price Performance: 2.90%

Average Trading Volume: 6,259,468

Technical Sentiment Signal: Hold

Current Market Cap: HK$5.69B

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