China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected
China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected
- China Hongqiao (01378.HK) Profits Surge, New Offshore Bond Issuance Expected
In 2023, China's aluminum industry has witnessed significant growth, fueled by the gradual recovery of the real estate sector and the rapid expansion of the renewable energy industry. - The widening gap between supply and demand for electrolytic aluminum led to a rise in aluminum prices, subsequently boosting profits and profitability for China Hongqiao Group Limited(referred to as "China Hongqiao").
- Therefore, to fulfill investors' demand for high-quality Chinese offshore assets, investment institutions are actively seeking ongoing issuance of offshore debt by China Hongqiao.
- Currently, China Hongqiao has only two outstanding USD bonds: namely HONGQI 6.25 06/08/24 (senior bond) and HONGQI 5.25 01/25/26 (convertible bond).