---
title: "China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284284111.md"
description: "China Hongqiao Group Ltd. plans to raise approximately US$1.47 billion by issuing RMB10.2 billion of U.S. dollar–settled zero-coupon convertible bonds due 2027. The bonds will have an initial conversion price of HK$43.90 per share, representing a premium to recent trading prices. Proceeds will be used for bauxite procurement, debt refinancing, overseas investments, share repurchases, and general corporate purposes. The transaction is subject to conditions, and investors are advised to exercise caution. The current analyst rating for the stock is a Buy with a price target of HK$45.00."
datetime: "2026-04-28T00:14:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284284111.md)
  - [en](https://longbridge.com/en/news/284284111.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284284111.md)
---

# China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

China Hongqiao Group Ltd. ( (HK:1378) ) just unveiled an announcement.

China Hongqiao Group Limited plans to issue RMB10.2 billion of U.S. dollar–settled zero-coupon convertible bonds due 2027, with managers subscribing on a best-efforts basis. The bonds carry an initial conversion price of HK$43.90 per share, a notable premium to recent trading prices, and would represent about 2.6% of enlarged share capital if fully converted.

The offering is expected to raise approximately US$1.47 billion in net proceeds, which the company intends to use to procure and stockpile bauxite, refinance existing debt, invest in overseas projects, fund future share repurchases, and for general corporate purposes. Completion of the issue remains subject to conditions in the subscription agreement, meaning the transaction may not proceed and investors are urged to exercise caution when dealing in the company’s shares.

The most recent analyst rating on (HK:1378) stock is a Buy with a HK$45.00 price target. To see the full list of analyst forecasts on China Hongqiao Group Ltd. stock, see the HK:1378 Stock Forecast page.

**More about China Hongqiao Group Ltd.**

China Hongqiao Group Limited is a Cayman Islands–incorporated company listed in Hong Kong that operates in the aluminium industry. The group focuses on producing primary aluminum and related products, requiring significant volumes of raw materials such as bauxite to support its large-scale smelting and production operations.

**Average Trading Volume:** 43,700,072

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$361.2B

For a thorough assessment of 1378 stock, go to TipRanks’ Stock Analysis page.

### Related Stocks

- [01378.HK](https://longbridge.com/en/quote/01378.HK.md)

## Related News & Research

- [China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/284219130.md)
- [China Hongqiao Group Ltd. (1378) Receives a Buy from UBS](https://longbridge.com/en/news/280231676.md)
- [New Buy Rating for China Hongqiao Group Ltd. (1378), the Basic Materials Giant](https://longbridge.com/en/news/269582056.md)
- [New Buy Rating for China Hongqiao Group Ltd. (1378), the Basic Materials Giant](https://longbridge.com/en/news/264955855.md)
- [UBS Remains a Buy on China Hongqiao Group Ltd. (1378)](https://longbridge.com/en/news/265815973.md)