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An announcement from China Water Affairs Group ( (HK:0855) ) is now available.
China Water Affairs Group has announced the issuance of US$150 million in 5.875% senior notes due 2030, intended to finance or refinance eligible green projects, particularly water supply initiatives, under their Green & Blue Finance Framework. The proceeds will also be used to repay certain offshore debts, with the notes being listed on the Singapore Exchange Securities Trading Limited (SGX-ST). This strategic move is expected to bolster the company’s financial flexibility and support its sustainability goals, although stakeholders are advised to exercise caution due to potential uncertainties in the completion of the purchase agreement.
The most recent analyst rating on (HK:0855) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on China Water Affairs Group stock, see the HK:0855 Stock Forecast page.
More about China Water Affairs Group
Average Trading Volume: 1,780,911
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.41B
Find detailed analytics on 0855 stock on TipRanks’ Stock Analysis page.