交银国际每日晨报-20250624

Group 1 - The core viewpoint of the report is that the company, Xin Ye Technology (FINV US), plans to issue $130 million in convertible notes due in 2030, with a coupon rate of 2.5%, to support its international business expansion [1][2] - 40% of the funds raised from the convertible notes will be used for share buybacks, while the remaining funds will primarily facilitate the company's overseas business growth [2] - The issuance of convertible notes is expected to result in a potential net increase in share capital of 2.3%, with minimal dilution impact due to cost savings [2] Group 2 - The company's international business is experiencing strong growth momentum, and the issuance of convertible notes is expected to accelerate the development of its overseas operations [2] - The report maintains a "Buy" rating for the company with a target price of HKD 13 [2]