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CSI Properties ( (HK:0497) ) has provided an announcement.
CSI Properties Limited announced the issuance of U.S.$50 million in 10.50% guaranteed notes due 2028, which will be guaranteed by the company. The proceeds from this issuance will be used by its wholly-owned subsidiary, ESL, for refinancing or repaying certain debts, including outstanding amounts under the 2025 Notes. The notes will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST), but not in Hong Kong, and the completion of the subscription agreement is contingent upon certain conditions being met.
The most recent analyst rating on (HK:0497) stock is a Hold with a HK$0.17 price target. To see the full list of analyst forecasts on CSI Properties stock, see the HK:0497 Stock Forecast page.
More about CSI Properties
CSI Properties Limited is a company incorporated in Bermuda with limited liability, focusing on property development and investment. It operates primarily in Hong Kong and is listed on the Hong Kong Stock Exchange under the stock code 497.
Average Trading Volume: 1,639,914
Current Market Cap: HK$2.45B
See more insights into 0497 stock on TipRanks’ Stock Analysis page.