China Water Affairs boosts 2030 bond issue to fund green projects and debt refinancing
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China Water Affairs Group (HK:0855) has announced a bond issue of an additional US$150 million in 5.875% senior notes due 2030, consolidating with an existing tranche. The proceeds, approximately US$143 million, will be used for refinancing existing debts and funding green projects, particularly in water supply, under its Green & Blue Finance Framework. The company aims to enhance its balance sheet and commitment to sustainable financing. Analysts rate the stock as a Buy with a target price of HK$5.30.
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