MiniMax (0100) issued HK$6.5 billion of secured convertible bonds due 2027 arranged by Morgan Stanley and UBS, according to Ming Pao, citing Bloomberg.
The bonds carry a 2.75% annual coupon, calculated semiannually, and have a redemption price at maturity of 102.75% of principal. The reference share price was HK$268, and the conversion price was set at a 25% premium to that level, implying about HK$335.
STOCKS | MiniMax Issues HK$6.5 Billion 2.75% Secured Convertible Bonds Due 2027
2026-07-09 15:23:24
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