WuXi AppTec (02359) has completed the issuance of $6.78 billion zero-coupon convertible bonds due in 2027.

WuXi AppTec (02359) announced that all preconditions of the subscription agreement have been met, and the RMB 6.78 billion in principal of the bonds was successfully issued on May 21, 2026. The net proceeds from the subscription of the bonds (after deducting agent commissions and other estimated expenses related to this issuance) will be approximately $1.023 billion, and will be utilized as follows: (a) approximately 90% will be used for global capacity and capability development; (b) approximately 10% will be used for general corporate purposes.