According to reports, Chinese smartphone maker Xiaomi is planning to raise around $4 billion. This will happen with the aid of a top-up placement and sale of convertible bonds. Around $3.2 billion will be raised from selling 1 billion shares in a top-up placement. The rest of the amount ($ 855 million) will be accumulated by selling a seven-year, zero-coupon convertible bond. A zero-coupon bond means that Xiaomi cannot pay coupon payments and pay the amount decided back at the maturity. Xiaomi's deals will be managed by JPMorgan Chase & Co., Goldman Sachs, Morgan Stanley, and Credit Suisse.