HTSC (Stock Code: 6886) Completes HK$10 Billion Zero-Coupon Convertible Bonds Issue Due 2027

Bulletin Express
Yesterday

HTSC (Stock Code: 6886) confirmed the completion of its issuance of zero-coupon convertible bonds due 2027 under a general mandate. The bonds have a total principal amount of HK$10,000 million, finalized on February 10, 2026. Under their terms and conditions, the bonds are convertible into H Shares at an initial price of HK$19.70 per share. Assuming full conversion at that price, the bonds would convert into approximately 507,614,213 H Shares.

Official approvals have been secured from the Hong Kong Stock Exchange for the listing of the conversion shares and from the Vienna MTF for the listing of the bonds. To comply with relevant regulations, the company will proceed with filings under the China Securities Regulatory Commission (CSRC).

Following full conversion at the initial price, the company’s total shares in issue are set to increase from 9,026,863,786 shares to 9,534,477,999 shares, with sufficient public float maintained. The net proceeds, estimated at HK$9,924.7 million after commissions and expenses, are allocated primarily to support HTSC’s international business development—including fixed income, currencies, and commodities sales and trading, as well as wealth management and asset management—while the remainder is to supplement other working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10