ZTE: Completes Issue of $4.943 Billion Convertible Bond, to Strengthen AI Product R&D Investment
格隆汇8月5日｜ZTE Corporation (000063.SZ) announced that it has completed the issuance of a convertible bond with a principal amount of US$35.84 billion due in 2030. After deducting fees, the net pr
格隆汇8月5日｜ZTE Corporation (000063.SZ) announced that it has completed the issuance of a convertible bond with a principal amount of US$35.84 billion due in 2030. After deducting fees, the net proceeds from the bond issue are approximately US$4.943 billion (approximately CNY 35.43 billion), and the company plans to use these proceeds to strengthen its AI product R&D investment. It is expected that the bond will be listed on the Hong Kong Stock Exchange and trading permits will take effect on August 6, 2025.