Hynix and creditors complete $1.5 billion equity offering early

Healthy demand allows the bookrunners to close the order books early and fix the price at a tight discount.

Hynix Semiconductor and its creditors have raised a combined $1.5 billion from the sale of new and secondary shares at a tighter-than-expected discount following strong demand from international investors in particular.

The deal was completed ahead of schedule after the good response prompted the bookrunners to accelerate the bookbuilding and stop taking orders on Friday evening. The roadshow, which was launched on Thursday June 22, was originally scheduled to run until the New York close on Monday, but sources...

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