The news highlighted the fact that the world's second-largest memory chipmaker is bracing itself for a tough quarter, with increased losses as a result of a sharp slowdown in demand.
It also comes after Samsung said that it would be making a "meaningful" cut to chip production as it looks to address a sharp global downturn in semiconductor demand and came after it flagged a worse-than-expected 96% plunge in first-quarter profit.
Back in February Samsung announced a $15.2 billion financing deal, which again suggests that memory chipmakers are in for a difficult few months.
Despite cuts in production, however, Samsung is still making long-term investments in infrastructure and research to support future chip production.
According to SK Hynix the bond sale will be used to finance operations such as buying chip production materials and, according to analysts, will help to assuage concerns of a liquidity crunch at the company. SK Hynix announced a quarterly operating loss of $1.4bn in the last quarter and is braced for an even worse performance in the first quarter of 2023.
One upside from the bond sale was that demand was strong, which suggests that whatever the short-term problems investors still see great potential in the business and with meaningful cuts in production by the likes of Samsung and SK Hynix, most analysts expect a positive outlook for a memory chip rebound in the second half of the year.
