ConvertibleActive
1% Convertible Notes due 2028
1357-Dec28
BTC Holdings
0 BTC
Total Debt
HK$1.96B
Outstanding
$250.00M
Insufficient history
Issue date
2025-12-31
Principal
$250.00M
Coupon
1.00%
Maturity
2028-12-31
Conversion price
HK$6
- Not listed on any stock exchange
- Subscriber: Alibaba.com China Limited
- Conversion: principal + accrued interest translated to HKD at agreed rate (US$1 = HK$7.8178), divided by conversion price
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Shares
- Payment frequency
- Semi-annual
- Payment dates
- Jun 30, Dec 31
- Rate type
- Fixed
- Put provision
- Bondholder may require redemption on Event of Default or on delisting/change of control, at principal + accrued interest
- Use of proceeds
- General business purposes
Sources(1)
- HKEX Announcement (conver…FilingHKEX Announcement (convertible bonds subscription with Alibaba)Principal Terms of the Convertible BondsMeitu, Inc. — 2025-05-20
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Issuance | $250.00M | HKEX Announcement (conver… |
- 2025-12-31 — $250,000,000Principal Terms of the Convertible Bonds — filing — Meitu, Inc.Source