JOURNAL ARTICLE

Hongqiao Said to Price $1.5 Billion Convertibles Near Low End.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Sebastian, Dave; Huang, Janice 3 of 3

Abstract

The article focuses on China Hongqiao Group Ltd.'s pricing of a 10.2 billion yuan ($1.5 billion) convertible bond issuance near the low end of its marketed conversion premium range. The bonds, convertible into stock at HK$43.90—a 25.3% premium to the recent share price—are zero-coupon, yuan-denominated, US dollar-settled, and due in May 2027. Proceeds from the offering will be used for bauxite procurement, debt refinancing, overseas investments, share buybacks, and general corporate purposes, with a 90-day lockup period following the deal. The issuance attracted strong investor demand amid easing Middle East tensions and is coordinated by UBS Group AG, China Securities International, CMB International Capital Ltd., and Deutsche Bank AG. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193314186
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.