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FINWIRES

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

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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.

What else is happening in Treasury?

Treasury

Zhen Ding Technology to Raise $800 Million via Convertible Bonds

Zhen Ding Technology (TPE:4958) plans to raise $800 million through the issuance of unsecured overseas convertible bonds, according to a Tuesday filing to the Taiwan stock exchange.The five-year zero-coupon convertible bonds will be issued on Sept. 9 and are scheduled to mature on Sept. 29, 2031.Proceeds from the bond issue will be used to supplement working capital, the company said.If the bonds are fully converted in 2026, the dilution ratio of the share capital is estimated at 3.92%.The company's shares were down over 2% in recent trade.

TPE:4958
Treasury

China CITIC Bank Raises 5 Billion Yuan Via Three-Year Bond Issue

China CITIC Bank (SHA:601998, HKG:0998) raised 5 billion yuan via the issue of a three-year bond carrying a coupon rate of 1.56%.Proceeds will be used to optimize the bank's asset-liability matching structure, increase stable liability sources and support asset business development, according to a Tuesday aftermarket filing with the Shanghai bourse.Shares of the bank were down 1% in recent trade on the Hong Kong bourse.

HKG:0998SHA:601998
Treasury

CATL Issues 4 Billion Yuan Green Bonds

Contemporary Amperex Technology (SHE:300750, HKG:3750), or CATL, issued the first tranche of its green bonds for the year, which amounts to 4 billion yuan, according to a Shenzhen bourse filing on Tuesday.The battery maker's Shenzhen shares slipped 1% during Wednesday's morning trade.The bond has a coupon rate of 1.49% and a term of up to five years, maturing Sept. 22, 2031. The issuer has the option to adjust the coupon rate and the investors' put option at the end of the third year.Agricultural Bank of China (SHA:601288, HKG:1288) acted as the lead underwriter and bookrunner.

HKG:1288HKG:3750SHA:601288SHE:300750