Hong Kong firms rush to issue convertibles – and trend could continue, bankers say

A growing number of Hong Kong-listed companies are tapping strong equity market sentiment to issue convertible bonds, a trend bankers expect to continue. Eleven companies raised US$7.4 billion through convertible bonds in the first five weeks of 2026, about 47 per cent of last year’s US$16 billion total, according to Dealogic. Tianqi Lithium, one of the world’s largest producers of lithium-ion battery materials, announced on Wednesday that it would raise about HK$5.9 billion (US$755 million)...