JX Advanced Metals Prices $1.6 Billion Convertible Bond Offering at Top of Range to Fund Buyback

JX Advanced Metals Corp. has priced a ¥250 billion, or about $1.6 billion, convertible bond offering at the top of its marketed range, according to Bloomberg. The Japanese metals and semiconductor-materials supplier is selling two tranches of zero-coupon convertibles, one due in 2029 and the other in 2031, in a deal that underscores continued investor appetite for equity-linked debt in Japan.