Horizon Robotics and MiniMax tap buoyant Apac convertible bond market
Amid strong demand, the two Hong Kong-listed Chinese firms have announced zero-coupon convertible bond issues totalling around $1.3bn, as capital-intensive tech businesses seek funding while limiting immediate interest costs.
Horizon Robotics, a developer of assisted-driving and autonomous-driving technology, has proposed issuing $450 million of zero-coupon convertible bonds due in July 2027, according to a July 22 Hong Kong Stock Exchange (HKEX) announcement.
Sign in to read on!
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to CorporateTreasurer.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a treasurer, CFO or senior financial professional at a corporate or SME, please register for free VIP access here.
Questions?
See here for more information on licences and prices, or contact [email protected].
© Haymarket Media Limited. All rights reserved.
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
for unlimited access to all articles, newsletters
