Zhongsheng Group Holdings Ltd. (HK:0881) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Zhongsheng Group Holdings Ltd. is set to issue $600 million worth of 5.98% bonds due January 2028, with the goal of raising about $594.81 million in gross proceeds to refinance existing offshore debt. The proposed bond issue is backed by an array of heavyweight financial institutions serving as joint lead managers, including Goldman Sachs and HSBC, and is pending approval and market conditions. Shareholders and potential investors are urged to exercise caution as the bond issue’s completion is not guaranteed.
For further insights into HK:0881 stock, check out TipRanks’ Stock Analysis page.