Xtep Refinances HK$500 Million Convertible Debt With New 2029 Zero-Coupon Issue

The latest update is out from Xtep International Holdings ( (HK:1368) ).

Xtep International Holdings has completed the concurrent repurchase of its entire HK$500 million 1.5% convertible bonds due 2026 and simultaneously issued a new HK$500 million zero-coupon convertible bond due 2029. The 2025 convertible bonds have been fully bought back, cancelled, and will be delisted from the Vienna Stock Exchange, while the new 2029 bonds have been listed on the same exchange and placed with at least six independent professional investors, indicating a refinancing of its convertible debt profile without increasing principal, and potentially extending its capital structure duration while maintaining investor support.

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 markets athletic footwear, apparel and accessories, focusing on the mass and performance sports markets in Mainland China and selected overseas markets. The group frequently uses offshore bond and equity-linked instruments to manage funding needs and support its expansion and brand-building strategy.

Average Trading Volume: 8,113,110

Technical Sentiment Signal: Hold

Current Market Cap: HK$13.82B

Find detailed analytics on 1368 stock on TipRanks’ Stock Analysis page.