400 million $2019 expired convertible bonds announced

Source: Internet
Author: User
Keywords Convertible bonds the era of Reunion announced convertible bonds the era of Reunion announced
Tags based check convertible convertible bonds global market market market conditions total
Summary: Check the latest quotes Beijing time, March 18 Morning news, gathered time (NYSE:YY) announced today, will be based on market conditions and other factors issued a total of up to 400 million U.S. dollars in the 2019 maturity of the senior convertible bonds. Citigroup global market, Deutsche Bank Securities and Morgan Stanley

View the latest quotes

Beijing time March 18 Morning news, gathered time (NYSE:YY) announced today, will be depending on market conditions and other factors issued a total of up to 400 million U.S. dollars in the 2019 maturity of the senior convertible bonds.

Citigroup's global market, Deutsche Bank Securities and Morgan Stanley International were the initial subscribers to the issuance of the convertible bonds during the gathering period. A 30-day option will be offered to the initial subscribers to enable them to subscribe for a maximum of 60 million US dollars of convertible bonds.

The convertible bonds of the era will be convertible into American Depository shares (ADS). At present, the share of ads for each share of the era is equal to 20 shares of Class A common. If there is no advance conversion, redemption or repurchase, then the convertible bond expires on April 1, 2019. The holders of the convertible bonds may request that the bonds be bought back on April 1, 2017, or the repurchase bonds will be changed on the basis of specific fundamentals.

It is planned that the proceeds from the issuance of convertible bonds should be used for general business purposes, including the required working capital, as well as possible acquisitions and supplementary operations. Conversion rates and other terms have not yet been finalized and will be finalized when the pricing of convertible bonds is announced.


Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.