China Hongqiao Group issues Rmb10.2bn convertible bond

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The HKEX listed aluminium giant will use the money to stockpile bauxite, refinance debt, to invest in overseas projects, share repurchases and for general corporate purposes; it also made a concurrent share repurchase.

May 08, 2026

Shandong-headquartered aluminium producer China Hongqiao Group has issued Rmb10.2 billon ($1.49 billion) US dollar-settled zero-coupon convertible bonds due 2027 and a concurrent share repurchase by the company, completing on May 5.

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