Nvidia Invests Big in MediaTek's Record-Breaking Bond Sale
Nvidia has invested US$3.5 billion in MediaTek's record-breaking convertible bond sale, which raised a total of US$3.9 billion.
MediaTek, a leading semiconductor company, issued the convertible bonds to raise funds for its growth plans and debt repayment.
The deal marks one of the largest-ever convertible bond sales in the industry, with MediaTek issuing the bonds at a price that will convert into shares at a 40% premium over the stock's current market value.