FINWIRES · TerminalLIVE
FINWIRES

Shenzhen Intellifusion Technologies Seeks Up to 1 Billion Yuan from Bond Issuance

By

Shenzhen Intellifusion Technologies (SHA:688343) plans to raise up to 1 billion yuan from the private issuance of science and technology innovation corporate bonds, according to a Thursday filing with the Shanghai bourse.

The bonds will have a 10-year term with a rate to be determined through book-building and will be listed in Shanghai, the artificial intelligence chip maker said.

Proceeds will help repay debt, boost working capital, fund equity investments, contributions, and other legal purposes.

Shares in Intellifusion fell 2% during afternoon trading on Thursday.

What else is happening in Treasury?

Treasury

SoftBank Group Prices $11.1 Billion Multi-Tranche Bond Offering to Fund OpenAI Investment

SoftBank Group (TYO:9984) has priced an $11.1 billion multi-currency bond offering, comprising $10 billion in US dollar notes across three tranches and 1 billion euros in European bonds across two tranches, according to a Thursday company statement.The US dollar-denominated tranches consist of notes due in 2030, 2032, and 2034, carrying coupon rates of 8.625%, 9.250%, and 9.750%, respectively. The euro-denominated tranches, maturing in 2030 and 2032, carry interest rates of 7.125% and 8.000%. All notes are priced at 100% of principal with semi-annual interest payments.The notes, rated BB+ by S&P Global and Fitch Ratings, are scheduled to settle on Sept. 29 and will be listed on the Singapore Exchange.Proceeds from the issuance will be used to fund the third and final $10 billion tranche of SoftBank's $30 billion follow-on investment in OpenAI, expected to close Oct. 1, with the remaining balance earmarked for general corporate purposes.Concurrently, Softbank expects to cancel the remaining $10 billion of undrawn capacity under its $40 billion bridge facility agreement entered into in March.

TYO:9984
Treasury

Viking Therapeutics Plans Offering of Common Shares, Senior Notes due 2032

Viking Therapeutics (VKTX) said late Wednesday it plans separate public offerings of $200 million of its common stock and $200 million of convertible senior notes due 2032.The company will grant the underwriters of the respective offerings a 30-day overallotment option to buy up to an additional $30 million of the shares and notes each, according to a statement.Net proceeds from the offerings will be used for clinical development and commercialization of its VK2735 and VK3019 programs, and for general corporate purposes, the company said.

$VKTX
Treasury

AIR Global Unit Prices $425 Million Senior Unsecured Notes

AIR Global (AIIR) unit AIR Limited said Wednesday it has priced $425 million in senior unsecured notes.The notes will mature in 2031 and have a coupon of 7.875% per year, the company said.The issuer will use proceeds to repay debt under a term loan facility and revolving credit facility, and for general corporate purposes, the company said.The offering is expected to settle on or around Oct. 1, it said.

$AIIR