ZTE Corporation Issues $499.3M Convertible Bonds for R&D Boost
Deal News | Aug 06, 2025 | Paul Hastings
Paul Hastings (Hong Kong) LLP has provided legal advisory services to ZTE Corporation on its issuance of RMB 3.584 billion (US$499.3 million) worth of U.S. dollar-settled zero-coupon convertible bonds, maturing in 2030. This financial move, aimed at bolstering ZTE's research and development investments in computility products, involves bonds listed on the Hong Kong Stock Exchange. The legal team at Paul Hastings, led by Raymond Li and comprising key associates and legal professionals, underscores the firm's capabilities in facilitating significant financial transactions in the telecommunications and IT sectors. This bond issuance marks a strategic initiative by ZTE to advance its R&D footprint through enhanced capital resources.
Sectors
- Telecommunications
- Finance
- Legal Services
Geography
- Hong Kong – The convertible bonds are listed on the Hong Kong Stock Exchange, indicating Hong Kong's relevance in the transaction.
- China – ZTE Corporation is a major Chinese technology company, with activities and operations centered in China.
Industry
- Telecommunications – ZTE Corporation operates within the telecommunications sector, providing integrated solutions and is issuing bonds to bolster its R&D.
- Finance – The issuance of convertible bonds involves financial strategies and instruments, indicating the financial services and capital markets sector.
- Legal Services – Paul Hastings, as a law firm, provided legal advisory services for the bond issuance, highlighting the involvement of the legal industry.
Financials
- RMB 3.584 billion (US$499.3 million) – The total size of the convertible bonds issuance by ZTE Corporation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ZTE Corporation | Issuer | Company | A leading Chinese provider of telecommunications and information technology solutions. |
| Paul Hastings (Hong Kong) LLP | Legal Advisor | Company | An international law firm advising on the convertible bond issuance. |
| Raymond Li | Lead Partner | Person | Founding partner and chair of Greater China at Paul Hastings, leading the legal advisory team. |