Summary by Moomoo AI
China Hongqiao Group Co., Ltd. (“China Hongqiao”) announced on March 25, 2024 that it has entered into a purchase agreement with the initial purchaser to issue USD 3 billion, with an annual interest rate of 7.75%, and senior unsecured notes due 2025. The note has been approved to be listed and listed on the Singapore Exchange in principle, but will not be listed in Hong Kong. The Company plans to use the net proceeds to refinance existing offshore debt and for general corporate purposes. Completion of the purchase agreement is still subject to prerequisites and may be terminated in some cases. China's Hongqiao reminds shareholders and potential investors to exercise caution when trading company securities.