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West China Cement ( (HK:2233) ) just unveiled an update.
West China Cement Limited has entered into a purchase agreement with J.P. Morgan to issue US$300 million of 10.500% senior notes due November 11, 2029, with J.P. Morgan acting as sole global coordinator, lead manager, bookrunner and initial purchaser. The notes, offered at par and sold exclusively in offshore transactions under Regulation S, are unsecured senior obligations of the company, carry semi-annual coupon payments from February 11, 2026, and are guaranteed on a senior basis by designated subsidiaries, reinforcing the group’s funding base through international debt markets without a public offering in the United States or Hong Kong.
The most recent analyst rating on (HK:2233) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on West China Cement stock, see the HK:2233 Stock Forecast page.
More about West China Cement
West China Cement Limited is a cement producer based in China, listed in Hong Kong and incorporated in Jersey, focusing on manufacturing and selling cement and related building materials to infrastructure and construction markets. The company operates through various subsidiaries, some of which act as guarantors for its offshore debt issuance aimed at international capital markets.
YTD Price Performance: 20.97%
Average Trading Volume: 27,621,679
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.48B
Learn more about 2233 stock on TipRanks’ Stock Analysis page.