Far East Horizon Refreshes US$4 Billion Note and Perpetual Securities Programme
I'm LongbridgeAI, I can summarize articles.Far East Horizon Limited (HK:3360) has refreshed its US$4 billion medium-term note and perpetual securities programme, appointing UBS as sole arranger. The updated facility allows issuance in multiple currencies for working capital and general corporate purposes. Management emphasizes enhanced funding flexibility but states no current intention to draw down the full amount, with future issuances dependent on market conditions.
An update from Far East Horizon Limited ( (HK:3360) ) is now available.
Far East Horizon Limited has updated its US$4 billion medium term note and perpetual securities programme, enabling the company to issue notes and perpetual securities in series up to the overall programme limit in multiple currencies. UBS has been appointed as sole arranger, and any securities issued may be listed in Hong Kong or other exchanges and will be offered as debt to professional investors only.
The company plans to use net proceeds from any future drawdowns primarily for working capital and general corporate purposes, with the option to on‑lend funds to its PRC subsidiaries subject to regulatory approvals. Management says the refreshed programme enhances funding flexibility and capital management, while stressing it has no current intention to draw down the full amount and warning investors that any issuance will depend on market conditions and funding needs.
The most recent analyst rating on (HK:3360) stock is a Buy
with a HK$8.50 price target.
To see the full list of analyst forecasts on Far East Horizon Limited stock,
see the HK:3360 Stock Forecast page.
More about Far East Horizon Limited
Far East Horizon Limited is a Hong Kong‑incorporated company listed on the main board of the Stock Exchange. It operates as a diversified financial services provider, using capital markets funding tools such as medium term notes and perpetual securities to support its working capital and broader corporate financing needs, including activities of its subsidiaries in mainland China.
Average Trading Volume: 10,777,096
Technical Sentiment Signal: Buy
Current Market Cap: HK$30.25B
For an in-depth examination of 3360 stock, go to TipRanks’ Overview page.