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Xtep International Holdings ( (HK:1368) ) has provided an announcement.
Xtep International Holdings Limited has announced plans to conduct a concurrent repurchase of its HK$500 million 1.5% convertible bonds due 2026, which are listed on the Vienna Stock Exchange, and to issue a new tranche of convertible bonds to institutional investors. The company has appointed a dealer manager to solicit selling interest from existing bondholders and a manager to coordinate pricing and placement of the new bonds, which will be offered only to institutional investors outside the United States and not to the Hong Kong retail public. Xtep intends to use the net proceeds from the new bond issue primarily to finance the repurchase of the outstanding 2026 convertible bonds, with any remaining funds earmarked for general corporate purposes, effectively refinancing its existing convertible debt and potentially optimizing its capital structure without resorting to an equity offering.
The most recent analyst rating on (HK:1368) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Xtep International Holdings stock, see the HK:1368 Stock Forecast page.
More about Xtep International Holdings
Xtep International Holdings Limited is a Hong Kong-listed sportswear company that designs, manufactures and sells athletic footwear, apparel and accessories, with a focus on the mass and performance sports markets in Greater China and selected overseas markets.
Average Trading Volume: 7,704,269
Technical Sentiment Signal: Hold
Current Market Cap: HK$13.49B
See more data about 1368 stock on TipRanks’ Stock Analysis page.