Hengan International Issues First RMB1 Billion Tranche of Super Short-Term Commercial Paper
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The latest update is out from Hengan International Group Co ( (HK:1044) ).
Hengan International has completed the issuance of its first tranche of super short-term commercial papers under a previously approved RMB7.5 billion debt financing program, raising RMB1 billion at a 1.72% coupon for 179 days. The proceeds will be used to repay existing bank loans, a move that is expected to lower financing costs and optimize the group’s debt profile, while leaving RMB3.8 billion in remaining capacity under the approved program for future funding needs.
The most recent analyst rating on (HK:1044) stock is a Hold with a HK$24.60 price target. To see the full list of analyst forecasts on Hengan International Group Co stock, see the HK:1044 Stock Forecast page.
More about Hengan International Group Co
Hengan International Group Company Limited, incorporated in the Cayman Islands and listed in Hong Kong, operates in the consumer goods sector, best known for household and personal hygiene products in China. The company regularly taps domestic debt markets to support its capital structure and maintain financial flexibility amid competition in the fast-moving consumer goods space.
YTD Price Performance: -1.65%
Average Trading Volume: 2,354,723
Technical Sentiment Signal: Hold
Current Market Cap: HK$31.85B
See more insights into 1044 stock on TipRanks’ Stock Analysis page.
