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The latest announcement is out from Yuexiu Property Co ( (HK:0123) ).
Yuexiu Property Co. plans to issue CNY1.6 billion of 3.40% guaranteed green notes due 2029 through its issuer subsidiary, with the company acting as guarantor and a syndicate of banks as joint lead managers. The notes will be offered only to professional investors in Hong Kong, with an application for listing on the Stock Exchange as a debt issue.
Gross proceeds from the issue will total CNY1.6 billion, with net funds earmarked to refinance certain offshore medium- to long-term debts maturing within a year and to support eligible green projects under the company’s sustainable finance framework. Completion of the subscription is subject to conditions and possible termination, and the company has cautioned shareholders and prospective investors that the transaction may or may not proceed.
The most recent analyst rating on (HK:0123) stock is a Buy with a HK$5.23 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 focused on property development and investment, with funding activities conducted through capital markets. The group and its subsidiaries manage onshore and offshore debt to support medium- to long-term projects and maintain access to professional investor markets in Hong Kong.
Average Trading Volume: 10,943,520
Technical Sentiment Signal: Sell
Current Market Cap: HK$17.64B
For a thorough assessment of 0123 stock, go to TipRanks’ Stock Analysis page.