SEHK:371Water Utilities
Onshore Refinancing of Offshore Debt Might Change The Case For Investing In Beijing Enterprises Water Group (SEHK:371)
Beijing Enterprises Water Group has completed the issuance of RMB 1 billion in five-year 2025 Medium-term Notes Series 3 at a 2.24% annual coupon, with proceeds earmarked to repay loans from financial institutions outside Chinese Mainland.
This refinancing step highlights the company’s ongoing effort to reshape its funding mix between onshore and offshore markets, which can influence its financial flexibility and interest costs.
We will now examine how this onshore refinancing of offshore...