Z.AI Prices HK$714 Share Sale at 10% Discount, Issues 20.14 Billion Yuan in Zero-Coupon Bonds
Summary
Z.AI raises fresh capital by offering 21.97 million shares at HK$714—10% below the prior close—and selling 20.14 billion yuan of zero-coupon bonds due in September 2027, some carrying yields as low as minus 0.5%.
Key Points
- Z.AI offers 21.97 million new shares at HK$714 each, a 10% discount to the prior HK$793 close.
- It sells 20.14 billion yuan in zero-coupon bonds due September 2027, with yields ranging from negative 0.5% to zero.
- CICC serves as sole global coordinator and joint bookrunner with Guotai Junan Securities (Hong Kong).