Xiaomi makes a splash with $4bn CB/top-up
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Xiaomi makes a splash with $4bn CB/top-up

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Smartphone maker Xiaomi Corp pocketed $3.96bn this week from a record top-up placement and concurrent convertible bond issue. Investors flocked to the transaction for its rarity value, investment grade rating and the offer of a liquid and volatile stock. Jonathan Breen reports.

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