The privately negotiated deal comes amid rumours that the company was looking to sell convertible bonds to a broader group of investors in the public market.
Textile manufacturer Shenzhou International raises $198 million of fresh capital, while CIC trims its stake in polysilicon supplier GCL-Poly by $287 million.
Taiwanese solar cell manufacturer Neo Solar encounters significant headwinds, including a 20.9% drop in its share price during marketing, but is still able to raise $132.4 million.
After becoming the third largest supplier of polysilicon to the solar power industry in just three years, OCI is now on the road to woo international investors.
The US-listed solar wafer and module manufacturer becomes the first Chinese company to sell convertible bonds this year and the first Asia-based issuer to come to the CB market since mid-January.