[HONG KONG] Chinese appliance maker Midea Group raised US$2.2 billion from the upsized sale of dual-tranche convertible bonds with zero coupon, according to terms of the deal seen by Bloomberg News.

The company, which is listed in both Hong Kong and Shenzhen, increased the size of the offering early Thursday (May 7), raising the amount in each tranche to HK$8.6 billion (S$1.4 billion) from HK$7.84 billion, with the first due in May 2027 and the second in May 2033.

https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/chinas-midea-group-raises-us2-2-billion-convertible-bond-sale