Nine Dragons Paper Holdings (HK:2689) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Nine Dragons Paper Holdings, a leading producer of packaging paper products, has announced its intention to issue US$-denominated senior perpetual capital securities. The terms, including principal amount and distribution rate, will be determined by a book-building exercise led by Citigroup. The proceeds from this exercise will be used to refinance existing debt and for general corporate purposes, with the offering being restricted in certain jurisdictions including the United States, the European Economic Area, the United Kingdom, and Hong Kong.
For further insights into HK:2689 stock, check out TipRanks’ Stock Analysis page.