Hot stock: Nio drops as much as 11.6% on US$1 billion notes issuance
SHARES of mainboard-listed Nio plummeted to a 90-day low on Wednesday (Sep 20) after it announced the pricing of a two-tranche convertible bond, from which it plans to use the….
Tag: notes
Nio prices US$1 billion of 6 and 7-year convertible notes at 3.875% and 4.625%
CHINESE electric vehicle maker Nio has priced US$1 billion worth of six-year and seven-year convertible senior notes on Wednesday (Sep 20) with an initial conversion premium of 30 per cent,….
Nio proposes to issue US$1 billion convertible senior notes
NIO is proposing to issue US$500 million of convertible senior notes due 2029, with another US$500 million note offering due 2030.