Tue 05/30/2023 22:08 PM
Relevant Documents:AAC OMAAC FY’22 Annual Report
Hong Kong-listed smartphone supplier AAC Technologies Holdings Inc.’s $252.6 million 2.625% senior notes due June 2026 are indicated at a yield-to-maturity of 8.75%, around 3.2% higher than that of close peer Sunny Optical Technology (Group) Co. Ltd.’s $400 million 5.95% notes due July 2026, which were issued in January 2023. The yield differential between both notes was around 1.2% as recently as February 2023.
AAC’s capital structure is as...
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