Chinese Household Appliance Maker Midea Seeks US$2.2b From Convertible Bond Sale

Chinese household appliance maker Midea seeks US$2.2b from convertible bond sale

Midea looks to tap into the debt market to fund its overseas expansion and boost offshore liquidity amid rising sentiment on the stock.

China's Midea seeks $2.2 billion in bond sales to lift offshore liquidity

Chinese home appliances maker Midea Group (000333.SZ), opens new tab, said on Thursday ​that it seeks to raise ‌HK$17.25 billion ($2.20 billion) through two bond issuances in a bid to ​enhance offshore liquidity, among ​other requirements, News.az reports, citing Reuters. *** Here are a few ⁠details. The issuances are likely to ​mature in 2027 and 2033, ​respectively, with each issuance having an aggregate principal amount of HK$8.62 billion. Th…

China’s Midea Group raises US$2.2 billion in convertible bond sale

Bonds that convert into stock find a sweet spot when interest rates and volatility are high