Summary by Futu AI
Anta Sports announced on December 5, 2024, the completion of the repurchase of €1,000,000,000 zero-coupon secured convertible bonds maturing in 2025, with a repurchase principal amount of €945.5 million, accounting for 94.55% of the initial principal. The repurchased bonds will be canceled upon completion of the delivery, with a remaining unredeemed principal amount of €54.5 million.\nAt the same time, Anta Sports has completed the issuance of €1,500,000,000 zero-coupon secured convertible bonds maturing in 2029. The new bonds are convertible into ordinary shares with a par value of HK$0.10 each in the company's issued and paid-up capital, and have received in-principle approval for listing on the Singapore Exchange. The Hong Kong Stock Exchange has also conditionally approved the listing of conversion shares resulting from the conversion of the new bonds.\nThis trade will have an impact on Anta Sports' equity structure, assuming the new bonds are fully converted at an initial conversion price of HK$104.02 per share, the bondholders will hold approximately 3.99% of the shares.
