Claim 50% 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
Shui On Land ( (HK:0272) ) just unveiled an update.
Shui On Development, a subsidiary of Shui On Land Limited, has launched a tender offer to purchase part or all of its outstanding US$400 million 5.50% senior notes due 2026, at a purchase price of US$1,002.50 per US$1,000 of principal plus accrued interest. The aggregate principal amount of notes accepted will not exceed the size of a new notes issuance to be guaranteed by Shui On Land, with the company reserving the right to increase the maximum acceptance amount at its discretion, effectively pairing a buyback of existing debt with a fresh bond issue as part of its ongoing capital and liability management strategy.
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 focused on large-scale, mixed-use urban redevelopment and commercial and residential real estate projects, primarily in mainland China. Through its subsidiaries, including Shui On Development, the group regularly taps international capital markets via senior notes and other debt instruments to fund its operations and manage its liability profile.
YTD Price Performance: 2.90%
Average Trading Volume: 6,259,468
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.69B
See more insights into 0272 stock on TipRanks’ Stock Analysis page.