Li & Fung has successfully issued a US$300 million bond at an 8.375% coupon, maturing in February 2029, to refinance debt due in 2025. Despite global market volatility, the offering was oversubscribed nearly 3 times, with strong interest from institutional investors.
Simultaneously, the company is repurchasing up to US$50 million of perpetual securities using internal funds. Both transactions, closing on August 5 and 6, result in an effective after-tax interest cost of 6.8%, highlighting Li & Fung’s disciplined financial strategy.
With ample liquidity and a robust balance sheet, Li & Fung’s proactive moves reflect confidence in its digitally enabled, resilient supply chain platform and long-term growth outlook.
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