Geely Issues RMB2 Billion Medium-Term Notes

Geely Automobile Holdings (HK:0175) has released an update.

Geely Automobile Holdings Limited has announced the issuance of RMB2 billion in medium-term notes (MTNs) due 2027, at a fixed interest rate of 2.18% per annum. The newly issued debt, which will mature on 2 August 2027 unless terminated earlier, will not require collateral and aims to enhance the working capital of the Company’s subsidiary, Zhejiang Jirun Automobile Company Limited, within China. The offering, not available in the United States, was led by Bank of China Limited and includes several other prestigious underwriters.

For further insights into HK:0175 stock, check out TipRanks’ Stock Analysis page.