China Hongqiao Group (HKG:1378) will issue $270 million in senior unsecured bonds due 2028, according to a Friday filing with the Hong Kong Exchange.
The notes will carry a fixed coupon of 6.925%, and interest will be paid semi-annually starting Nov. 29.
Proceeds from the offering will be used for general corporate purposes, the filing stated.
Approval in principle has been received for the listing of the debt securities on the Singapore bourse.