Midea Group raises $2.2 billion in upsized convertible bond sale

3 articles · Updated · Bloomberg · May 6

The Chinese appliance maker sold zero-coupon dual-tranche notes, increasing each tranche to HK$8.62 billion from HK$7.84 billion.
The two tranches mature in May 2027 and May 2033, according to deal terms seen on Thursday.
Midea is listed in both Hong Kong and Shenzhen, and the enlarged offering lifts total proceeds to about $2.2 billion.

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