Fosun International (HKG:0656) may see a modest bump in its liquidity following a retap of its $200 million 2028 notes and a subsequent tender offer, S&P Global Ratings said in a Thursday release.
The move will extend the China-based investment holding company's debt maturity profile and limit its outstanding bonds due this year to short-term papers, easing liquidity pressure in the next quarters, S&P said.
This effort, along with better offshore refinancing conditions, will allow the company flexibility to consolidate its investment portfolio, the rating agency said.
S&P expects the company to keep its strong banking ties and successfully roll over most of its bank loans.
The company will also recycle assets further and cut debt over the next 12 to 18 months, according to S&P.
The rating agency forecasts a decline in the company's adjusted net debt to 75 billion yuan in 2024, with the drop in debt continuing in 2025.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。