MMG Ltd completes 500 million US dollar zero coupon convertible bond offering
Reuters
Oct 08
<a href="https://laohu8.com/S/MMLTF">MMG Ltd</a> completes 500 million US dollar zero coupon convertible bond offering
MMG Ltd. has completed the issuance of US$500,000,000 zero coupon convertible bonds due 2030. The bonds, which were previously announced on 30 September 2025, were completed on 8 October 2025 after all conditions precedent under the Subscription Agreement were satisfied. The bonds carry a zero coupon rate, meaning they do not pay periodic interest, and are convertible into shares of MMG Ltd. The net proceeds from the offering, estimated at approximately US$494,000,000 after fees and expenses, will be used to refinance the Group's offshore indebtedness. The listing and permission to deal in the bonds on the Hong Kong Stock Exchange is expected to become effective on 9 October 2025. No public offering of these securities will take place in the United States. No URL to the full prospectus is provided in the document.
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