Latham Advises on ANTA Sports’ €1.5 Billion Convertible Bond Issuance

Latham & Watkins has advised the underwriters on the offering of €1.5 billion convertible bonds due 2029 by ANTA Sports, the largest Chinese sportswear company engaged in the design, development, and production of sporting goods. The new bonds are convertible into fully paid ordinary shares with a par value of HK$0.10 each in the issued and paid up capital of ANTA Sports.

The transaction represents the largest convertible bond offering by a Hong Kong listed consumer company, and the third-largest convertible bond offering by a Hong Kong listed company in 2024.

The Latham team was led by Hong Kong corporate partners Benjamin Su, Derek Chua, and Terris Tang, with associates Stewart Lai and Christine Lo, and senior paralegals Lily Mak and Candy Mak.