SMIC successfully completed the issuance of new shares at a yield of 10.65 Hong Kong dollars per share (discount rate of 4.9%) on the evening of the 28th, raising a total of 491 million U.S. dollars (including the preferential subscription of major shareholders and the open market offerings). At the same time, %, Annual coupon rate of 2% Successfully completed the issuance of subordinated perpetual convertible bonds, the company has 3 years after the share price of more than 130% of the mandatory repurchase rights to raise funds of 481 million US dollars (including the major shareholders preferred to subscribe for excess Subscription and open market offerings).
SMIC said the financing has been enthusiastic in the global capital markets and many well-known international investment institutions have actively participated in the subscription of shares and perpetual convertible bonds. The equity financing transaction set a number of firsts in overseas capital markets : This is the largest market in Hong Kong so far the simultaneous issuance of shares and stock related products, of which the issuance of shares is part of the Hong Kong Stock Exchange so far the largest technology stocks in the primary market, 4.9% of the additional discount is also the beginning of 2017 so far, the Hong Kong market At the same time, SMIC is also the only company in the past five years to issue non-negotiable bonds in the Asia-Pacific region with no coupon to reset the structured convertible bonds. The convertible bond coupon rate is by far the lowest in the entire Asia Pacific region.
The financing has been the main shareholder of SMIC's strong support of Datang Holdings, the National Integrated Circuit Industry Fund are actively involved in the current round of financing, in the exercise of its preemptive basis, will be oversubscribed this issue Perpetual convertible bonds, fully reflects the major shareholder of the company's strategic support for the development.