LONDON, June 28 (Bernama-GLOBE NEWSWIRE) — H&H Group has announced the successful completion of the issuance of a new 3-year bond amounting to US$200,000,000. This is an important milestone for the Group’s liability management exercise to refinance its outstanding bond which will mature in October 2024. This achievement enables the Group to maintain a stable and sustainable capital structure, alongside preserving the Group’s liquidity for operational and business development purposes.
Jason Wang, H&H Group Chief Financial Officer, says this accomplishment showcases the Group’s resilience in raising capital, particularly during challenging market conditions and persistent external headwinds.