XIAOMI ZERO 17Dec2027 Corp (USD)

Bond Factsheet

Xiaomi Best Time International Limited

Indicative

Full Lot

Bid Price

97.105

Change in Bid Price

1.037

Bid Yield (%)

2.510 %

Change in Bid Yield

remove 0.917

Ask Price

97.873

Change in Ask Price

0.816

Ask Yield (%)

1.834 %

Change in Ask Yield

remove 0.713

Indicative price as of 09 Oct 2026, 4:34pm

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Bond Information

Xiaomi Best Time International Limited operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Bond Issuer

Xiaomi Best Time International Limited

Guarantor

Xiaomi Corporation

Announcement Date

01 Dec 2020

Issue Date

17 Dec 2020

Maturity Date

17 Dec 2027

Years to Maturity / Next Call

1.179 / -

Modified Duration

1.157 @ 09 Oct 2026

Issue / Reoffer Price

105.250

Issue / Reoffer Yield

Coupon Type

Zero Coupon

Annual Coupon Rate

Coupon Frequency

Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2269112863

CUSIP

BM8784571

Bond Currency

USD

Total Issue Size

855,000,000

Outstanding Issue Size

797,600,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 100,000

Bond Type

Corporate

Bond Sector

Information Technology

Bond Sub Sector

Communications Equipment

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

On giving not less than 30 nor more than 60 days’ notice to the Bondholders and the Trustee and Principal Agent in writing, the Issuer:
(i) may at any time after December 17, 2025 and prior to the Maturity Date redeem in whole, but not in part, the Bonds for the time being outstanding at their principal amount, provided that the Closing Price of a Share (translated into U.S. dollars at the Prevailing Rate), for 20 out of 30 consecutive Trading Days, the last of which occurs not more than five Trading Days prior to the date upon which notice of such redemption is published was at least 130 per cent. of the Conversion Price (translated into U.S. dollars at the Prevailing Rate) then in effect immediately prior to the date upon which notice of such redemption is given; or
(ii) may at any time prior to the Maturity Date redeem in whole, but not in part, the Bonds for the time at their principal amount, provided that prior to the date of such notice at least 90 per cent. in principal amount of the Bonds originally issued has already been converted, redeemed or purchased and cancelled.

Change Control Put

Following the occurrence of a Relevant Event, the holder of each Bond will have the right at such holder’s option, to require the Issuer to redeem all or some only of such holder’s Bonds at their principal amount.

“Relevant Event” occurs when:
(i) when the Shares cease to be listed or admitted to trading or are suspended from trading for a period equal to or exceeding 30 consecutive Trading Days on the Stock Exchange or the Alternative Stock Exchange; or
(ii) when there is a Change of Control; or
when (a) there is any change in or amendment to the laws, regulations and rules of the PRC or the official interpretation or official application thereof (a “Change in Law”) that results in (x) the Guarantor and its Controlled Entities (collectively, the “Group”) (as in existence immediately subsequent to such Change in Law), as a whole, being legally prohibited from operating substantially all of the business operations conducted by the Group (as in existence immediately prior to such Change in Law) as of the last date of the period described in the Guarantor’s consolidated financial statements for the most recent fiscal quarter and (y) the Guarantor being unable to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence immediately prior to such Change in Law) in the same manner as reflected in the Guarantor’s consolidated financial statements for the most recent fiscal quarter and (b) the Guarantor has not furnished to the Trustee, prior to the date that is 12 months after the date of the Change in Law, an opinion from an independent financial adviser or external legal counsel stating either (x) that the Guarantor is able to continue to derive substantially all of the economic benefits from the business operations conducted by the Group (as in existence immediately prior to such Change in Law), taken as a whole, as reflected in the Guarantor’s consolidated financial statements for the most recent fiscal quarter (including after giving effect to any corporate restructuring or reorganisation plan of the Guarantor) or (y) that such Change in Law would not materially adversely affect the Issuer’s and the Guarantor’s ability to make principal and premium (if any) payments on the Bonds when due or to convert the Bonds in accordance with the Conditions.

Cessation Put

Exchangeable

Conversion Period At any time (subject to any applicable fiscal or other laws or regulations and as provided in the Conditions) (a) on or after 41st day after Closing up to the close of business (at the place where the Certificate evidencing such Bond is deposited for conversion) on the date falling 10 days prior to the Maturity Date (both days inclusive) (but, except as provided in Condition 6(A)(iii), in no event thereafter), (b) if such Bond shall have been called for redemption by the Issuer before the Maturity Date, then up to and including the close of business (at the place aforesaid) on a date no later than 10 days (in the place aforesaid) prior to the date fixed for redemption thereof or (c) if notice requiring redemption has been given by the holder of such bond pursuant to Condition 8(D) or Condition 8(E) of the Conditions, then up to the close of business (at the place aforesaid) on the business day (in the place aforesaid) prior to the giving of such notice.

Conversion Price HK$36.74 per Share, subject to adjustment for, among other things, consolidation, subdivision or reclassification, capitalisation of profits or reserves, capital distributions, rights issues of shares or options at less than 95% of the Current Market Price, rights issues of other securities, issues of shares or options at less than 95% of the Current Market Price, other issues at less than Current Market Price, modification of rights of conversion at less than 95% of the Current Market Price, other offers to Ordinary Shareholders and other events as described in Condition 6(c) of the Conditions.

“Conversion Price” the price per Share at which the Shares will be issued upon conversion and the initial conversion price being HK$36.74 per Class B Share (subject to adjustments)

Holder Put

The Issuer will, at the option of the holder of any Bond, redeem all or some only of such holder’s Bonds on December 17, 2025 (the “Put Option Date”) at 100.00 per cent. of their principal amount, together with interest accrued but unpaid up to but excluding such date. To exercise such option, the holder must deposit at the specified office of any Paying Agent a duly completed and signed put notice in the form for the time being current, obtainable from the specified office of any Paying Agent, together with the certificate evidencing the Bonds to be redeemed not more than 60 days and not less than 30 days prior to the Put Option Date.

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