SMIC nets $232m from tap of zero coupon CB

By Jonathan Breen
20 Nov 2019

Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) has tapped an existing convertible bond for $232m.

The Chinese company raised the funds overnight on Monday. Sole global co-ordinator, bookrunner and manager UBS held an accelerated bookbuild for the deal after Hong Kong markets closed.

SMIC tapped its July 2022 zero coupon convertible bond. It was originally issued in June 2016 for $450m, with JP ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial