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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.