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Xtep International Holdings ( (HK:1368) ) just unveiled an update.
Xtep International Holdings has launched a capital management exercise involving the full repurchase of its outstanding HK$500 million 1.5% convertible bonds due 2026 and the proposed issuance of a new HK$500 million zero-coupon convertible bond maturing in 2029. Through a dealer manager, the company has already secured commitments from eligible bondholders to sell 100% of the existing 2025/26 convertible bonds at 100.5% of principal plus accrued interest, effectively refinancing its near-term convertible debt, extending its maturity profile and potentially optimizing its balance sheet while preserving flexibility for future equity conversion.
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. The group focuses on the mass and mid- to high-end sportswear market in China and internationally, leveraging its branded product portfolio and retail network to compete in the rapidly growing sports and leisurewear sector.
YTD Price Performance: -3.20%
Average Trading Volume: 7,809,194
Technical Sentiment Signal: Sell
Current Market Cap: HK$13.76B
For detailed information about 1368 stock, go to TipRanks’ Stock Analysis page.