---
title: "China Hongqiao Completes RMB10.2 Billion Zero-Coupon Convertible Bond Issue"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285194143.md"
description: "China Hongqiao Group Ltd. has successfully issued RMB10.2 billion (approximately US$1.47 billion) in zero-coupon convertible bonds due 2027. The proceeds will primarily be used for securing bauxite supplies, refinancing debt, funding overseas projects, supporting share repurchases, and general corporate needs. About 40% of the funds will be allocated to bauxite procurement, 30% for debt refinancing, and the rest for expansion and financial flexibility. The stock currently holds a Buy rating with a price target of HK$45.00."
datetime: "2026-05-05T11:03:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285194143.md)
  - [en](https://longbridge.com/en/news/285194143.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285194143.md)
---

# China Hongqiao Completes RMB10.2 Billion Zero-Coupon Convertible Bond Issue

### 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) ) has provided an update.

China Hongqiao Group Limited has completed the issuance of RMB10.2 billion (about US$1.47 billion) in USD-settled zero-coupon convertible bonds due 2027, following the fulfillment of all conditions under its subscription agreement. The company plans to allocate these proceeds mainly to secure bauxite supplies, refinance upcoming debt maturities, fund overseas projects, support future share repurchases and cover general corporate needs by the end of 2026.

About 40% of the funds will go to procuring and stockpiling bauxite, a critical input for its aluminum operations, to mitigate supply and geopolitical risks through 2026. Roughly 30% will be used to refinance domestic and offshore debt maturing by the end of 2026, helping manage a sizeable US$15 billion debt load, while the remaining capital is earmarked to back expansion abroad, enhance capital management via buybacks and bolster overall financial flexibility.

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 and engaged in the aluminum industry, relying heavily on bauxite as a key raw material for its production. The group operates at large scale, with annual bauxite procurement typically around US$5 billion and total indebtedness of roughly US$15 billion as of end-2025, highlighting its substantial funding and raw material needs.

**Average Trading Volume:** 43,214,716

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$329B

### Related Stocks

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

## Related News & Research

- [China Hongqiao to Raise US$1.47 Billion via Premium-Priced Convertible Bonds](https://longbridge.com/en/news/284284111.md)
- [China Hongqiao Group Ltd. (1378): New Buy Recommendation for This Basic Materials Giant](https://longbridge.com/en/news/284219130.md)
- [RUSAL Reports Change in Voting Rights and Updates Regulatory Disclosure](https://longbridge.com/en/news/285176180.md)
- [RUSAL Board Opposes Q1 2026 Dividend Ahead of June EGM](https://longbridge.com/en/news/285286601.md)
- [Metro Mining Lifts Bauxite Output and Restores Full Shipping Capacity at Bauxite Hills](https://longbridge.com/en/news/285163664.md)