Horizon Robotics-W (09660) has announced the successful completion of the issuance of its zero-coupon convertible bonds.

The company confirmed that all conditions set out in the subscription agreement have been fulfilled, and the issuance of bonds with a total principal amount of $450 million was finalized on July 29, 2026.

The gross proceeds from the bond issuance total approximately $450 million. After deducting manager commissions and other estimated expenses payable in connection with the offering, the net proceeds stand at around $445.5 million.

An application has been submitted to list the bonds on the Vienna Stock Exchange. Trading of the bonds is expected to commence on or around July 30, 2026, on the Vienna MTF, which is operated by the Vienna Stock Exchange.

The company has also obtained approval for the listing and trading of the conversion shares on the Stock Exchange of Hong Kong.