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ZTE Issues Convertible Bonds at 15.9% Premium, Aiming to Raise RMB3.5B+ Net
ZTE (00763.HK) has announced the issuance of RMB3.584 billion USD settled zero coupon convertible bonds due 2030, which can be fully converted into 130 million H-shares (around 14...
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ZTE Issues Convertible Bonds at 15.9% Premium, Aiming to Raise RMB3.5B+ Net
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ZTE (00763.HK)  -0.550 (-2.209%)    Short selling $48.58M; Ratio 14.032%   has announced the issuance of RMB3.584 billion USD settled zero coupon convertible bonds due 2030, which can be fully converted into 130 million H-shares (around 14.65% and 2.64% of the enlarged H-share capital and the enlarged total issued share capital).

The initial conversion price per share is set at HKD30.25, a premium of about 15.9% over yesterday's (28th) closing price of HKD26.1. The net proceeds are expected to reach about USD494 million (around RMB3.543 billion), which is intended for enhancing the company’s R&D investments in computility products.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)

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