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Yuexiu Property Co ( (HK:0123) ) has issued an announcement.
Yuexiu Property Co has announced that its subsidiary issuer and the company, as guarantor, have entered into a subscription agreement with joint lead managers for the proposed issuance of CNY1.735 billion 3.40% guaranteed green notes due 2029, to be offered as debt securities to professional investors in Hong Kong. The company plans to seek listing of the green notes on the Hong Kong Stock Exchange and intends to use the net proceeds to refinance certain offshore medium- to long-term debts maturing within one year and to allocate an equivalent amount exclusively to eligible green projects under its Sustainable Finance Framework, while cautioning shareholders and potential investors that completion of the transaction remains subject to conditions and may not proceed.
The most recent analyst rating on (HK:0123) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on Yuexiu Property Co stock, see the HK:0123 Stock Forecast page.
More about Yuexiu Property Co
Yuexiu Property Co is a Hong Kong–incorporated real estate company whose core business involves property development, investment and related services, with funding activities accessed through the Hong Kong capital markets.
Average Trading Volume: 11,224,320
Technical Sentiment Signal: Hold
Current Market Cap: HK$18.28B
Learn more about 0123 stock on TipRanks’ Stock Analysis page.