Seazen Holdings subsidiary issues $160m offshore bonds

On October 2, 2025, Seazen Holdings Group Co., Ltd.'s overseas subsidiary, NEW METRO GLOBAL LIMITED, successfully issued unsecured fixed-rate bonds totaling $160 million. The bonds have a two-year term, a coupon rate of 11.88% payable semi-annually, and are rated B- by Standard & Poor's. Singapore Exchange granted an in-principle listing approval, and the bonds were listed on October 1, 2025.

The issuance is guaranteed by Seazen Holdings and its indirect controlling shareholder, Seazen Group Limited, through an unconditional and irrevocable joint and several liability guarantee covering principal and interest. The proceeds from this bond issuance are designated primarily for repaying the company's foreign long-term debts maturing within one year.

This successful issuance highlights investors' confidence in Seazen Holdings and aligns with the company's strategy to enhance its financing structure and diversify funding channels. The issuance was approved at the company's annual general meeting on May 26, 2025, allowing for direct financing of up to RMB 20 billion (including equivalent foreign currency) by the company and its controlled subsidiaries.